Friday, March 20, 2009

Stop the AIG Bull....Now

Simon Johnson and James Kwak compare the current bull coming out of AIG to a previous crisis. The authors provide an answer to the question that is on everyone's mind--why are we letting the nuts that ran AIG into the ground stay, and why should we believe they are competent?
The argument that A.I.G.’s traders are the people that we must depend on to save the United States economy is weak and self-serving...the American people are not buying it.
Read the OP-ED.
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Simon Johnson is a professor at the M.I.T. Sloan School of Management and a former chief economist at the International Monetary Fund. James Kwak is a student at Yale Law School.