Sunday, September 28, 2008

Life and times

The past two weeks, it's all been about the financial system's meltdown. Is the Administration going to use tax dollars to rescue these private companies. Story in the NYT today about the division of AIG that was placing all these bets the past ten years through credit-swap insurance. These guys have been making millions on millions in personal wealth all this time. If the whole thing collapses, you can bet they are heavily invested in gold-stocks or some such. They'll be fine. What about us? what about our kids? Screwed!

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