Our own Senator Cornyn is featured on CNBC as I write saying there is bi partisan outrage that AIG has paid out millions in bonuses. Business Week details that a good deal of money went to overseas banks. To what end I wonder?
It is going to be difficult to get Congress to approve any more open ended money for anyone.
this article reflects my view that Berkshire and others are still not sure of their exposure on CDS.
Professor Elam 
Leave a comment