Lmao Chance the past 70 years have been the most stable in terms of banking and recessions in the history of this country, barring the most recent crisis that just happened to follow a string of deregulation efforts.

11/11/2011 12:39:10 PM

Thats merely an observation and an ideologically assigned reason why we observe what we observe.

Btw, just who the fuck are you? You're studying the same bullshit McDanger studies at CM? You one of his colleagues?

[Edited on November 11, 2011 at 12:49 PM. Reason : .]

11/11/2011 12:48:20 PM

I go to the same university as McDanger but I work in the Robotics/Engineering department. He's tried to explain his work to me many times and I couldn't explain it to you if I tried.

We're "colleagues" in that we work on the same campus and smoke the same weed

[Edited on November 11, 2011 at 12:53 PM. Reason : .]

11/11/2011 12:52:06 PM

So the answer to my question was "G-S did not directly affect AIG". Thank you.

11/11/2011 1:35:57 PM

That depends entirely on your definition of "directly". AIG would have existed and traded securities regardless of G-S, but G-S exploded that securities market and AIG gorged itself on those assets.

I know you hate nuance and complexity and non-yes/no answers, but try working through these anyway: http://snuffysmithsblog.blogspot.com/2009/03/would-glass-steagall-have-helped.html

http://dailybail.com/home/how-goldman-sachs-created-shitty-cdos-sold-them-to-aig-force.html

[Edited on November 21, 2011 at 11:59 AM. Reason : .]

11/21/2011 11:56:36 AM