Tuesday, November 25, 2008
Yves Smith on AIG-2
I read the WSJ article Yves Smith (YS) mentioned in her 12 November 2008 Naked Capitalism post, "Goldman big winner in government's revised bailout of AIG", link: http://www.nakedcapitalism.com/2008/11/goldman-big-winner-in-governments.html. YS hit the "high" points of the article, hitting the "money" quote, "Yves here. Note the clearly slanted choice of words, 'pry collateral'. Huh?" My only quibble with YS's comments is: she is too kind; writing, "Both roads lead to Goldman". I say GSG is the new Rome, "All roads lead to Goldman. Goldman is under every rock".