A question...
Will the Fed now start selling Moral Hazard insurance?
U.S. Seizes Control of AIG With $85 Billion Emergency Loan
U.S. Seizes Control of AIG With $85 Billion Emergency Loan
Invoking extraordinary powers granted after the 1929 stock market crash, the government seized control of the insurance giant American International Group to preserve a crucial bulwark of the global financial system.Technorati Tags: Fed, AIG, loan, moral hazard, economy, Wall Street, Paulson