Bailing out AIG with a blank check.
You have no guarantee its assets will be sold off in “an orderly fashion” OR at enough value to repay the $85 billion loan.
This comes AFTER the NY Fed repaid two JP Morgan loans to Lehman Brothers.
It’s times like this that, as nutbar as I know goldbug libertarians are, that I think they have half a point. More of a point than The Worst Fed Head Since Greenspan.
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