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Tag Archives: bailout

What Exactly Is a Counterparty Payment, Anyway?

March 24, 2009 – 3:53 pm

Much of the media attention on Capitol Hill over the past two weeks has focused on the $165 million in bonuses paid to AIG employees, but many have begun to point the finger at what they say is the “real outrage,” so-called “counterparty payments” from AIG to other financial institutions.   The counterparty question has gained [...]

Posted in Economy, Featured Posts, Government Policy | Also tagged , | Comments (2)

CNN’s Money Summit: Bailout would cost $9,718 per taxpayer!

February 9, 2009 – 6:09 pm

When it comes to the various stimulus packages and bank bailouts making their way through Congress, there’s no shortage of pundits, columnists, and bloggers offering their “expert opinion.” Amid all the hot air, however, it can be hard to find straightforward analysis of the issues at hand. CNN’s Money Summit, however, is an attempt to [...]

Posted in Economy | Also tagged , , , , | Comments (0)