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The Bubble Economy (i.e., Dot Com, Housing, Oil) has found a new home–in the English language. A group called the Global Language Monitor is busily adding words to the English tongue at a rapid pace, something like one new word every 98 minutes. Now, if you think about it, if you’re adding...

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Department of Too Little, Too Late

Posted by Grammar Guy | Posted in Grammar Sucks | Posted on 10-23-2008

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Let’s see.  AIG (American International Group) was unable to cover the insurance it issued on mortgage securities and other speculative financial instruments, so the U.S. government (read: we taxpayers) had to pony up $90 so the company could settle its insurance claims and remain in existence.

We’ve probably all heard about the lavish retreats AIG held after the bailout.  Now, today I read this headline in the Los Angeles Times: "AIG to freeze some exec pay."

How about making them pay back the bonuses they got for all that uncoverable (read: bogus) insurance they sold?

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