Friday, February 19, 2010
BAD HAIR DAY RISK UNCHANGED
REUTERS--To many Americans, it's a matter of common sense: traders who failed so spectacularly at their jobs that they nearly brought down the global economy should be fired, not rewarded with handsome bonuses.
Yet AIG, the fallen insurer, paid out an additional $100 million this month, much of it to the very financial products division whose rampant risk-taking took the firm to the brink. And there's another $75 million coming.
So far, the government has yet to enact concrete steps to prevent yet another AIG bad hair day from happening all over again.
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