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• ‘The Good Times Do End’

  …disengaged a bit. In the 1980s it was the S&L crisis. In the late 1990s it was Enron and WorldCom. Now we're talking about AIG and some of the things that were happening on Wall Street. Each one of these things produces a regulatory response. But is …

  By Richard M. Smith

  10/24/2009Enterprise
• Rules of the Jungle

  …delivered word that wards of the state—Citi, Bank of America, AIG , among them—must slash pay for top-earning executives. The Federal ……firms can pay bonuses even when they've essentially failed ( AIG ) or clocked massive losses (Merrill Lynch). This year compensation …

  By Daniel Gross

  10/24/2009Tech and Business
• The Recession’s Real Winner

  …ago, the leading governments of the world saved the global economy. Remember October 2008: Lehman Brothers had disappeared, AIG was teetering, every bank was watching its balance sheet collapse. Around the world, credit had frozen and trade was grinding to a …

  By Fareed Zakaria

  10/17/2009Voices - Fareed Zakaria
• Last Chance for Justice

  …duo was simply foolish, not criminal. A grand jury has been convened to look into the behavior of Joseph Cassano , the former AIG executive who sold $500 billion worth of credit-default swaps without hedging them. But Cassano will no doubt argue the same thing …

  By Michael Hirsh

  09/17/2009Politics
• Main Street vs. Wall Street

  …into equities. Of course, the panic spread when the federal government effectively took over the insurer American International Group and its mind-boggling debts a day later. But the impact the unfolding financial debacle might have on …

  By Kevin Kelly

  09/16/2009Business

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