News I Read Today

Today Fed Chair Bernanke says the risk for further troubles in the credit market as "exceptionally low" while at the Press Club Wednesday.

Where as AIG today disclosed names of conterparties who got some of the bail out money thanks to its (in)famous CDS trade, with Societe Generale getting almost $4.1 billion. Though the disclosure was forced by Congress, on the flip side AIG the largest insurer paid $163 million as extra bonus to executives for doing their job well. It doesn't matter even you are on life support you can surely enjoy the wine!

This is what is called self-imposed-market regulation. I'm getting Green.

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