Re:The Real AIG Scandal
by anamax on Thursday March 19, 2009 @06:54PM
(#524138)
> I would agree that the legislative branch was also instrumental in deciding derivative regulation BUT that discussion is pretty much irrelevant to the immediate question.
To be clear, you're saying that Greenspan's influence over the legislative branch is relevant but what they actually did is irrelevant...
> I simply criticized Greenspan, I didn't criticize-Greenspan-to-get-the-democrats-off-the-hook.
You found Greenspan's comments important enough to criticise. You didn't find other people's actions significant enough to rate a comment.
If your comments don't reflect your priorities....
> Did I mention regulation-like-banks?
And for the ntheenth time, AIG was regulated as a bank - that's what the office of thrift supervision does. AIG was also regulated as an insurance company.
If you're going to claim that "regulation-link-banks" would make a difference, surely the fact that AIG was actually was regulated like a bank is relevant.
You keep bringing up things (unregulated assets and the like) that have nothing to do with AIG. (Banks and insurance companies get no benefit from unregulated/off-balance-sheet assets.) Perhaps you ought to be discussing institutions to which they actually apply.
To be clear, you're saying that Greenspan's influence over the legislative branch is relevant but what they actually did is irrelevant...
> I simply criticized Greenspan, I didn't criticize-Greenspan-to-get-the-democrats-off-the-hook.
You found Greenspan's comments important enough to criticise. You didn't find other people's actions significant enough to rate a comment.
If your comments don't reflect your priorities....
> Did I mention regulation-like-banks?
And for the ntheenth time, AIG was regulated as a bank - that's what the office of thrift supervision does. AIG was also regulated as an insurance company.
If you're going to claim that "regulation-link-banks" would make a difference, surely the fact that AIG was actually was regulated like a bank is relevant.
You keep bringing up things (unregulated assets and the like) that have nothing to do with AIG. (Banks and insurance companies get no benefit from unregulated/off-balance-sheet assets.) Perhaps you ought to be discussing institutions to which they actually apply.