May 19, 2008
The cost of Spitzerism
James Freeman of the Wall $treet Journal, one of the only mainstream media outlets to expose Spitzer's extortion of AIG for what it truly was, reports here on the massive reduction of wealth to which Spitzer's unbridled regulation of AIG contributed greatly. Larry Ribstein, who was one of the first bloggers to shed light on this injustice, surveys the economic carnage here.
My question: Where is the rest of the mainstream media in reporting on this enormous destruction of wealth to AIG shareholders?
Posted by Tom at May 19, 2008 5:04 PM |
while I agree that Spitzer went overboard, we simply don't - and can't - know how much of the stock drop, if any, was attributable to Spitzer and how much was attributable to other factors.
Posted by: steve sturm at May 19, 2008 2:22 PM
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