Another major US retailer has been forced into liquidation by the credit crunch. And it may the US taxpayer who comes to the rescue. By Glenn Dyer.
Aig
Wall Street II: Australia will lose billions on AIG and Lehman
Malcolm Turnbull’s opening two salvos in Question Time yesterday were right on the money, writes Stephen Mayne.
Commentariat: No sympathy for the Wall Street devils
No sympathy for the devils … After 73 years, the last gasp of the broker-dealer … A sense that Wall St.’s boom times are over … The resilience of American finance … How not to lose everything.
Fed swoops to save AIG with $US85 billion loan
In a bid to stave off greater financial instability, the US Federal erserve has offered embattled insurer AIG an $85 billion dollar bailout loan. By Glenn Dyer.
Heather Ridout, the 21st member of Rudd’s Cabinet
Julia Gillard’s first task as Deputy Prime Minister back in December was to address the Australian Industry Group. Since then, the AIG’s CEO Heather Ridout has scored a number of important Government gigs, writes Bernard Keane.
