Why Bankruptcy Would've Been Better for AIG

by Benjamin Domenech on 12:33 am March 24, 2009

What are the lessons from AIG? “Could it have been worse than what we have now?” Bankruptcy and orderly liquidation would’ve removed a lot of the mistakes, argues Nicole Gelinas. “Above all, this impartial accounting of AIG’s assets and liabilities would have defused the bonus controversy that has now exploded into visceral public anger.”

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