Is there good news in the AIG drama? »
Posted By seattlegirluw 1 year, 3 months ago in Business & FinanceEconomist Tyler Cowen finds some good news in the AIG fiasco. Writing in his excellent blog Marginal Revolution, Cowen makes three points:
* The Fed and the Treasury may actually make money off of the AIG deal in interest payments.
* The size of the guarantee doesn't represent the cost of the bailout. We don't know the true cost.
* Even if the Fed has to print money to get through this, it does so to protect against potential deflation.
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