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Fair Way Funding

Congressman McGovern to GOP: Let's be 'fair and balanced' in media funding

Congressman Jim McGovern(MA-3) says on the floor that defunding NPR because the content isn't agreeable is a 'lousy' way to make ...

In what way do you think the Fed is being fair / unfair re:AIG 'emergency funding'?


Fair, not unfair
Had they not stepped in to prop up AIG there would have been devastating negative consequences in the international capital markets. AIG insured many mortgages which are in default.