19.3.09

Crisis watch

CURRENT EVENTS
From today's WP:
Liddy said he asked Financial Products employees who received at least $100,000 in bonuses to relinquish some of the money. But from the testy mood in the House hearing room, to the White House and the New York attorney general's office, it was plain that AIG's strategy was not containing the crisis.
We are in the midst of a financial crisis, but it is overheated to call the AIG affair a crisis. 'Not dampening the anger' or 'not deemed a sufficient response' would both work, but there is no crisis, just a public relations disaster.

By the way, do you understand that whole sub clause? "...to the White House and the New York attorney general's office..." Maybe the Washington Post team just hasn't been sleeping enough.

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