AIG Bailout: Is the U.S. Going the Way of the Soviet Union?

First, Fannie Mae and Freddie Mac were seized—Communist style—by the federal government. Then Lehman Brothers—which was worth $45 billion as recently as November—announced plans to file for bankruptcy. And now AIG, formerly one of the largest companies in the world, has been taken over by the Federal Reserve.

In 2000, American International Group, an . . . → Read More: AIG Bailout: Is the U.S. Going the Way of the Soviet Union?

Just Out of Med School? Watch Out for Those Placement Agents

Most of you are familiar with the headhunters of the financial world. Bankers and finance people are notorious for migrating from one firm to another. Typically, it is the headhunters that cold call and go after the best and brightest of any firm. It is a lucrative business based on the concept of a . . . → Read More: Just Out of Med School? Watch Out for Those Placement Agents

AIG, Fannie and Freddie, and Lehman Brothers: Why Should I Care About Them?

OK, I know Lehman Brothers just tanked, Fannie and Freddie have been seized, and AIG has been taken over by the Fed, but can we put all that aside for just a few minutes and talk about me for a change, please? I have liquidity problems of my own, and that being the . . . → Read More: AIG, Fannie and Freddie, and Lehman Brothers: Why Should I Care About Them?