Geithner Redux: More Will be Learned From Starr International Co., Inc. v. United States, Case No. 11-00779(C) (Fed. Cl.)October 1st, 2014 | © Elliott R. Morss, Ph.D.
Not many have heard of the Starr lawsuit against the US government. It is a very interesting case and should provide new information on why AIG was forced to pay off banks in full. This was done even after AIG representatives said they thought they could get banks to settle for 60 cents on the dollar.
Some are suggesting the Eurozone is finally recovering. There are two problems with this statement: The Eurozone is a set of disparate countries; some are doing a lot better than others.
The term “net neutrality” is in the news. It sounds good, but what does it really mean? To understand, you have to know how global communications “works”. This is explained and conclusions on “net neutrality” are offered.
The problems Argentina is having in trying to resolve its debt issues is the manifestation of a larger problem – how should the financial defaults of countries be handled. Government defaults are not the same as private defaults. But they are important and at present, they are ‘worked out” largely on an ad hoc basis.