Wednesday, September 17, 2008

'Bailing out' AIG

My friend Shu weighs in on the Federal Reserve and AIG, why this isn't a "government" bailout and where the money being used actually comes from.

He's studying economics at Rutgers (which, as a state-school grad, I feel the need to point out is also a state school) and generally has interesting perspectives on things.


Anonymous said...

Yes, but Rutgers is a Public Ivy!

Anonymous said...

A "public ivy" sounds like something that's been left to grow too long in a vacant lot and needs to be pruned.