I wonder if our free market system still has a heartbeat sometimes. There is no question that the interventions of Government, Inc. over the last 6 months has severely wounded the vital organ. Our income tax chief who can’t calculate his own taxes correctly and who also happens to be the Secretary of the Treasury [...]
Posts Tagged as ‘AIG’
October 20, 2008
Diminishing Returns
The economic theory of diminshing returns is timely at this moment in our political envoirnment and our economic reactions to the market turmoil caused by the subprime lending crisis. To refresh your memory it is a theory that postulates that there is a point at which investing additional effort or captital in any enterprise will not [...]
October 3, 2008
Did the Govt. Confiscate AIG?
When I first read about the takeover of AIG I was curious about the details of how that worked. I read that the Government took a 80% owenership in the AIG stock and diluted the existing shareholders. There was scarce mention of any of the details and as a lawyer I was shocked about how fast the [...]
September 17, 2008
AIG–Regulate what?
The events of the last 24 hours regarding AIG remind me of an old saying from Churchill. I am paraphrasing but it is something like this–there is nothing like the sound of an angry bullet whizzing by your head to focus the mind. Well, we sure have had the angry bullet whiz by. The Feds [...]
