For the past couple of years, Preet Bharara, U.S. Attorney for the Southern District of New York, has been shaking the trees on Wall Street.
Cheating or Investing?
Tag Archives: hedge
The Case for Letting AIG Fail
There’s an uproar about whether the government should let AIG fail, a debate re-energized by the latest revelation of bonus payments going to AIG’s executives. In fact, there’s a good case to be made that AIG should fail, and it has nothing to do with bonuses. The rescue of AIG is warping the banking system and unnecessarily extending the credit crisis.