"AIG has just launched a two-week, multimedia campaign seeking to reintroduce itself after its role in sparking the Great Recession," MediaPost reported yesterday. "The company got an $85 billion bailout as the government took about an 80% stake."
"The New York Fed’s primary dealers, the 21 banks with which it carries out transactions, expect quantitative easing to continue until 1Q 2014. This is according to a Dow Jones Business News report.
The recently released minutes of the December FOMC meeting revealed that several Fed governors were taking a more hawkish stance in regards to the bond-buying program."
"There’s a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses . . . Yes, it was intended to allow commemorative collector’s items—but that’s not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling—while doing no economic harm at all."