The Federal government's latest bailout - AIG, in case you've been under a rock for the last few days - has many questioning the message the Treasury is sending to Wall Street. A New York Times article calls it the "investor of last resort," while a Financial Times article says "enough is enough." Although some say the takeover, like the Fannie Mae and Freddie Mac ones, was necessary, but many wonder why AIG and not Lehman? And when will the government allow the market to correct the past excess and bad decisions, asks the global voice. Some in Congress appear poised to demand action beyond bailouts, though most agree that any significant regulation changes won't happen until a new administration is in place.
As investors continue to run scared, causing the massive drops in the stock markets over the last few days, The Economist writes, "Like many nightmares, this one feels as if it might never end."
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