morgan stanley: Page 1
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That's what disgraced former New York governor Eliot Spitzer thinks (link): Everybody is rushing to condemn AIG's bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?
The World Economic Forum will be meeting in Davos starting on the 28th, and see this for all the details on one of their key documents as well as the media sources that haven't disclosed the fact that they're sponsors as well as much, much more. Here's a snippet: "The Global Agenda 2009" report says that "sovereign states do not adequately address problems reaching across borders" and that "international taxation" may be needed to generate the "additional resources" for "global governance... ...As current global governance problems come from market failures, sovereign failures and...