The Man Who Crashed the WorldMichael Lewis in Vanity Fair about AIG, the global financial apocalypse, how it happened, the bailout, and how it affects Michael Jackson. Probably the best article on the economic hellstorm of fury that has come out in a loooong while.Almost a year after A.I.G.’s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved—the silent, shell-shocked traders of the A.I.G. Financial Products unit—and finds that the story may have a villain, whose reign of terror over 400 employees brought the company, the U.S. economy, and the global financial system to their knees.
Tuesday, July 7, 2009
Read this now
If you need to find something to occupy your time with during this whole section of the day where the news and the world were kind enough to go on hold for the MJ Memorial, or you just need a mental rejuvenation after hours of having your brain molested by coverage of the MJ Memorial read this:
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