This is a very big story and will probably piss off taxpayers like nothing else has thus far. The Wall Street Journal has the list of all the companies that were essentially made whole by the AIG bailout. Basically, these are the firms that were counter-parties in transactions with AIG, the hedge fund that happens…
Bailout
This Just In: Obama and Geithner Cost Average Down in Citigroup Investment?
Hooray for Capitalism! Citi is about to join such illustrious government institutions as the DMV and the Postal Service! The feds are said to be in talks with Citigroup (C) about possibly owning up to a 40% stake in the Courtney Love of Money Center Banks at this late hour. All this while the world…
Golden Age for Activist Investors? 'Bout Time!
“A lot of people die fighting tyranny. The least I can do is vote against it.” – Activist Carl Icahn, Texaco Annual Shareholder Meeting 1998 Could 2009 be a Golden Age for Activist Investors? Ken Squire wrote a pretty convincing case in Barron’s this week and I can only say that it’s about time. His…
The Lemonade Crisis (Explaining the Bailout to Children)
The Lemonade Crisis or How to Explain the Bailout to Children Cast: Jimmy, Jamie, Kenny, Stan, Dick, Chuck and Sandy as “The Lemonade Stand Kids” Easy Al and Ben as “The Grocers” Summer came early to Bankington Heights and the neighborhood kids were all excited for their vacation. The previous summer, Jamie, Jimmy, Stan, Dick,…
