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Wednesday, March 4, 2009

Tracking AIG

I don't read TheStreet.com; but for those who aren't used to thinking about the big numbers floating around, those having trouble sizing the scope of what is going on and are not yet inured to it all, here is a piece of reporting that lays out some comparison figures.

An example:

No. 5: $3.6 billion in goodwill impairments. That's the same amount that: a.) Merrill Lynch paid in bonuses the night before Bank of America took control; and b.) the increase that veterans groups have called for in health care.