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Tuesday, October 1, 2013

From the Twilight Zone: AIG CEO Robert Benmosche Compares Bonus Criticism to Lynch Mobs

From Matt Taibbi:

These people are so used to being told by interns and finance reporters and other ballwashers that they're geniuses that they pretty soon come to believe it, which is how concepts like "We'll never lose a dollar – it's all hedged" go unchallenged in rooms full of econ majors who've just bet the whole store on the mortgages of underemployed janitors and palm-readers. Somebody, please, tell these guys quick how smart they're not, or else we'll be in another crisis before we know it.

Read more at Taibblog on Rolling Stone:
AIG CEO Robert Benmosche Compares Bonus Criticism to Lynch Mobs


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