…by Francis Cianfrocca, aka "Blackhedd", at Redstate.  His explanation of the situation that the Fed found themselves in with regard to AIG is, for the most part, readable by a non-financier. 

He also addresses the anger some are feeling about the government bailing out another huge firm, and against the top brass of that company.  In addition, he touches on how this affects free-market capitalists and the eggshells the government is now walking on in this regard.

A good read.

Related posts:

  1. The Financial Crisis Explained
  2. "The Financial Crisis Doesn’t Affect Me" (and Other Miscalculations)
  3. Live by the Asset Seizure…
  4. Gas Prices Drop. Who Will the Left Credit?

Filed under: Economics • Government

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