Five years ago this week, the financial system came unhinged due to years of recklessness on Wall Street and regulatory neglect in Washington. The American people paid a terrible price – persistent and widespread unemployment, millions of foreclosures, and household wealth and retirement savings wiped away. Yet, little, if anything, has changed on Wall Street … Continue reading
Tagged with AIG …
LA TIMES | U.S. selling its remaining stake in AIG
December 11, 2012 – By Jim Puzzanghera, Los Angeles Times The U.S. Treasury said it is selling the rest of its stake in American International Group Inc., in effect closing the books on one of the biggest and most reviled bailouts of the financial crisis that engulfed the world four years ago. The sale of … Continue reading
Phil Angelides 