on the part of Summers, Geithner etal. They've been so used to working for the money crowd, they may never understand that now they are working for us. How can Summers really question the doings of the hedge funds when he got $5+ million from one of them last year?
Today, McClatchy raises the issue of why Geithner did not try to negotiate a lower payment by AIG to its counterparties. The issue has been raised before. McClatchy is asking for only a 10 -15% discount. If it were your money and your deal, you would have started at 50%.
Would we be better or worse off if both of them left?
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