We’ve been back and forth on this issue for the last couple days: can we manage the risks involved in letting some of the big banks and other financial institutions go into some sort of managed reorganization?
This afternoon on MSNBC NJ Gov. Jon Corzine — who, remember, used to be CEO of Goldman Sachs — says yes, we can and we should. We know much more about the condition of the banks and the implications of their (controlled) failure than we did in the crisis moments last September.
Jim Tedisco, the GOP candidate in much-watched NY-20 special election was just forced to walk the Rush plank after making ambiguously loyal comments about El Rushbo.
GOP re-dubs carbon emissions cap-and-trade as “energy tax.”
From The Tennessean …
The Nashville-based subsidiary of insurer AIG is dropping those tarnished initials, a rebranding that separates it from its troubled parent and, officials say, highlights its individual identity.
In coming weeks, a new sign that emphasizes the initials of the unit, American General Life and Accident Insurance, will replace the one outside of its Brentwood-area headquarters that read “AIG American General” until the parent’s name was covered up this week.
…
“Moving to a brand that the company built its reputation on and that doesn’t immediately bring to mind AIG certainly helps with new business sales,” she said.