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Posted by: Michael Mandel on March 16
Suppose that the U.S. government completely nationalizes AIG, so that the new entity now shares the government’s AAA rating. Does that mean the U.S. and foreign banks have to return the billions in collateral they got from AIG after it was downgraded?
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.