Financial Crisis Inquiry Commission Studies Derivatives – Is Government Owned AIG Selling CDS?

McAuleys World Comments Bolded Blue WASHINGTON – The complex instruments at the heart of the financial meltdown, and the way two giant companies were wrapped around them and entwined with each other, are being examined by the special panel investigating the origins of the economic crisis. The Financial Crisis Inquiry Commission is turning its focus [...]

Day 71 In The Gulf: Hurricane Alex Snarls Recovery Efforts

Skimming efforts off the coasts of Louisiana, Florida, Alabama and Mississippi have ceased.

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