AIG: Irony in hindsight
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Tyler Cowen from the Marginal Revolution blog has a selection of old AIG commercials. Can you say foreshadowing?
“
The greatest risk is not taking one.”
“Debts are easy to fix, but liability is the nightmare.”
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Let me get this straight. We lend $85 billion to AIG, expecting to get paid back, when its crisis is largely founded in extending credit to people who can’t pay their debts back? Am I so profoundly enlightened to see the absurdity of this, or just crazy? Sigh… why stress, just go rice and bullet shopping AGAIN.
entertaining. but next time, can u hook up a lil more content in those video blog posts? (smile)
Thanks kindly,
Shawn