Dear Sirs: Maurice Greenberg is not happy about the price being paid for AIG’s toxic assets. He wrote a letter to Edward Liddy to tell him so.
You Knew It Was Coming: Madoff gear on eBay.
And Even Better: Madoff speaking in 2007, where he outlines how fraud is nearly impossible. Best line at minute 5:30: “It’s impossible for a violation to go undetected, especially for a long period of time… That doesn’t mean there aren’t abuses…” (Infectious Greed)
So About That Argument: That a bankrupt automaker would discourage people from buying cars. Looks like that’s out the window, according to a poll.
Dissenting Opinion: John Carney believe that perhaps letting Lehman file for bankruptcy wasn’t the worst idea.
The Real Shaq: Maybe I’m late to this, but has anyone else read Shaquille O’ Neal’s twitter? And noticed that he’s big on LOLs?
Paul Krugman: His Nobel Prize lecture is online.
On KKR’s Latest Move: “Firing the CEO at KFN is like putting a band-aid on a mortal wound.” (Blogging Buyouts)
Mark To Market: Joe The Plumber and Venture Capital