2008-10-31 — nakedcapitalism.com
The terms of [the initial AIG loan] were designed to be punitive but the Fed let AIG slip its supposedly short leash.
Disgusting (to borrow a Mozilo-ism)... it is obvious the Feds don't have the wherewithal to actually impose tough conditions on financial institutions they are "bailing out". Here is more confirmation.
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