Sunday, September 28, 2008

AIG: A Bit of the Background Behind Their Failure - NY Times

The NY Times does a reasonable job of giving us an glimpse of the stupidity behind the AIG collapse. Basically an unaccountable tiny unit of AIG managed to brink the global economy to the bring of collapse....its really a story of stupidity and hubris.

There are many to blame here.

Scott Dauenhauer CFP,MSFP, AIF