American International Group Inc (AIG.N) Chief Executive Robert Benmosche envisions a smaller company in the future, with global property-casualty and U.S. life and annuity operations at its core, according to his comments in an internal company publication.AIG, once the world's largest insurer, has to shrink because it must sell businesses to pay back the U.S. government as well as to become a m
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Discuss Bury
According to the WSJ, Ben Bernanke is expected to outline the Federal Reserve’s exit strategy this week. As expected (and discussed previously), the Fed plans to tighten monetary policy by increasing the interest rate on excess reserves. Otherwise, as the economy recovers and the excess reserve ratio declines, the money multiplier would rise and thus broader aggregates would rise as well.
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Discuss Bury
Discuss Bury
Interesting take on things.. It's about time someone told it like it...Obviously, the web doesn't account for the Roosevelt years. I do agree...The so-called Clinton economy hinged on the invention of the world-wide...10Q detective is one of the best....Good info....That would indicate the financial sector still has a major downside...I would hazard a guess that people are buying online rather than driving...Could this really be the bottom for the financials?...
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