Thursday, March 05, 2009

This makes sense...

I'll be posting a link later that's relevant to this link. In the 3rd segment, John Stewart is interviewing Joe Nocera of the NYT. Joe wrote an article about AIG, apparently--the reason AIG is in trouble is because, in addition to bad investments, it INSURED and RATED the COD's. There sure are a lot of layers to the financial markets, and it makes you wonder why some of these shenanigans are allowed.

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