bailouts
DRAMATIC IRONY, SPECIFICALLY: We saw this tease on the Washington Post website’s front page fifteen minutes ago and are mentally and physically unable to click through. The headline and subhead have transfixed us with this weird numbing sensation. “Symbolism” and “irony” and “Too big to succeed”! How do these fantastical terms and wordplays relate to [...]
So you know how the Fed “bailed out” AIG with $80+ billion and now everything is okay? Right, it’s not okay at all. The $80+ billion allows the failed insurance giant an “orderly liquidation” of its assets. AIG is done. That is just one of the reasons why the markets continue to collapse today — [...]
