Argument: AIG and free markets cannot be relied upon

Issue Report: AIG bonuses


Robert Creamer. “AIG Bonus Scandal Spotlights the Bankruptcy of Wall Street’s ‘Greed is Good’ Values”. March 15 April, 2009 – “The ‘Greed is good era’ is over. It died on September 15, 2008 with the collapse of Lehman Brothers and the right wing myth that if everyone looks out for his own self interest the ‘invisible hand’ would assure that the public interest would take care of itself. More than Lehman Brothers went bankrupt that day. So did Wall Street’s entire system of ‘greed is good’ values.”