Stephen A. Lawrence wrote:
The first dose didn't do the job, so Obama applied a bigger dose. That hasn't done the job either . . .
I think it is a little early to reach that conclusion. In testimony yesterday, the new CEO of AIG indicated that they have "wound down" $1.2 trillion in obligations using $70 billion of the money. (There is still $30 billion left, I think he said.) That sounds like progress to me.
As I noted, the present CEO had nothing to do with the scandal. He was put in there by the Feds 5 months ago. He seems to know what he is doing and perhaps he & others can fix the problem.
It would be good if the company survives and gradually pays back the $70 billion to the taxpayers. It might. A few days ago I thought it would not, but from what I read of yesterday's testimony I think it might.
- Jed
