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The Delicious Irony of Morris Greenberg’s AIG Suit Against the US Treasury
Michael Hudson, Counterpunch
Alan Greenspan |Capitalism |
The Clinton Administration refused to regulate CDO gambles, adopting the deregulatory Rubinomics ideology of Larry Summers, Ayn Rand disciple Alan Greenspan and Wall Street campaign contributors. So AIG was under no obligation to hold any reserves for losses against its bets. Little has changed under President Obama.
Published: 2013-01-11
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