AIG

why the nationalization of AIG was unnecessary — there were alternatives (which were legal, unlike the dubious course chosen by Paulson and Bernanke).

So this is the conundrum of the government intervention in AIG: it was made to avoid a disorderly collapse of AIG with the provision of short term liquidity; but in order to avoid short term creditors of AIG to run and be full on their claims you need to impose an effective stay on such claims; otherwise some creditors are bailed out (those with short term claims who can run) and some creditors are whacked even more (those with longer term claims that are junior to the government) and such short term creditors become effectively senior to the government. But if the government has to be truly senior relative to all of the creditors of AIG you need to impose a stay on all creditors. And if you impose such a stay you whack all creditors, you impose losses on all the AIG debt holders and you risk the systemic panic and disaster that you wanted to avoid in the first place.
--Nouriel Roubini 

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迷一样的交易（政府没有说明LOAN的级别）

新词汇socialism for the rich, the well connected and Wall Street(i.e. where profits are privatized and losses are socialized)--Nouriel Roubini