Friday, September 19, 2008


Finally, something substantial to help explain what went wrong with AIG. Notice the substantive explanation - or rather, lack thereof - of the Wall Street Journal: not exactly what one would expect of the "leading financial daily" in the US.

On a related note, I hope that when the US is contemplating what to do next, it considers the entrepreneurial approach to a correction and not simply the regulative (that is, a fundamental fix versus a quick fix).

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