Breakingviews | AIG/Benmosche

Considered view

11 Nov 2009 15:49

Pink slips at dawn

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It’s what happens if a government props up a private company, makes a show of keeping it running like one, and then interferes. CEO Benmosche’s threat to quit may be a bluff. But the lesson is that if there’s no clear turnaround plan firms should be wound down, not bailed out.

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