A few weeks ago, our illustrious political and financial authorities, through the guise of our Central Bank, determined it was necessary to provide financial assistance to the American International Group (AIG). AIG, one of the largest insurance companies in the world with a tangled web of liabilities, was on the verge of collapse. Rumors swirled about losses of tens of billions. Fears of global financial calamity were everywhere.
Ultimately, an $85 Billion lifeline was arranged. Unlike some of the other recent...
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