Friday, September 19, 2008

Headlines: September 19, 2008

The United States Acquires AIG, the Largest American Insurance Company

The Big Bailout: “A Large Mistake As A Matter of Policy, Politics, and Fairness”

Storms on the Horizon

Richard Fisher: "Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon. Traditional Medicare composes about 69 percent, the new drug benefit roughly 17 percent and Social Security the remaining 14 percent."

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