The Scent of Fear
AIG’s Rotten Paper Could Bring the House Down
by WILLIAM GREIDER The Nation
September 17, 2008
For the first time in this unfolding financial crisis, I felt personally scared by the news. Not about my money, but about the potential for catastrophe. The Federal Reserve’s lightning rescue of AIG has the smell of systemic fear. The house of global finance is on fire and everyone is running for the exits, no sure way to turn them around. What’s next? The question itself is ominous, because there are no good answers. Read the rest of this entry »
In These New Times 