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sinnopal sinnopal
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6 years ago
Is there any merit to AIG's claim that some of the apparently lavish activities in which it had been engaged were standard industry practice?
 
  It is difficult to cling to usual business practices when the act of receiving a massive federal
  government bailout suggests that those practices are flawed. A new business environment required
  new business sensibilities. In accepting the bailout, the company failed to realize that it was dealing
  with powerful new stakeholders, taxpayers, and politicians.
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wrote...
#1
6 years ago
It is difficult to cling to usual business practices when the act of receiving a massive federal
government bailout suggests that those practices are flawed. A new business environment required
new business sensibilities. In accepting the bailout, the company failed to realize that it was dealing
with powerful new stakeholders, taxpayers, and politicians.
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