http://www.nytimes.com/2008/12/12/business/12scheme.html?ref=business
So this guy can run a $50 billion scam and nobody notices. AIG goes hugely into debt and nobody notices. Ratings firms give crap AAA ratings. When one person and one company can cause this much damage, that means the system is broken. Time for a revamp. Go back to the solid economic conservative rules that provide security and stability. Let individuals play with their money, but don't let so few control so much. The results of that we're going to have to live with for a long time.
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