Friday
Jul012011
AIG BAILOUT: Obama, Biden, Geithner and Clinton Get Help From Abe Lincoln (Video)
Unsure of exactly how to handle the AIG crisis, Team Obama decides to inject Lincoln's corpse with stem cells and bring honest Abe back to deal with the AIG bailout.
Reader Comments (4)
America the Tarnished
http://www.nytimes.com/2009/03/30/opinion/30krugman.html?_r=1&ref=patrick.net
The changes proposed on March 16 to fair-value, also known as mark-to-market accounting, would allow companies to use “significant judgment” in valuing assets and reduce the amount of writedowns they must take on so-called impaired investments, including mortgage-backed securities. A final vote on the resolutions, which would apply to first-quarter financial statements, is scheduled for April 2.
http://www.bloomberg.com/apps/news?pid=20601109&sid=awSxPMGzDW38&refer=patrick.net
http://www.msnbc.msn.com/id/29960407?ref=patrick.net