WaPo Admits "We Have No Idea"

After writing that "[AIG's] remaining $1.6 trillion derivatives portfolio is like one of those delicate, world-destroying time bombs that James Bond used to have to disarm in the movies; the difference here is that the only people who appear to be knowledgeable enough to dismantle the bomb are the ones who built it[,]", the WaPo Ed Board admits "[l]ike most of the people writing about AIG, we have no idea whether this threat is empty."

Ever wonder why the Washington Post exists? In any event, a new slogan for the WaPo -- "We have no idea."

Speaking for me only

< AIG Bonuses: Moral Theory of Contract? | "They Didn't Know" >
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    Poor BTD, you read the WaPo (none / 0) (#1)
    by koshembos on Tue Mar 17, 2009 at 06:24:38 AM EST
    it's not good for information, brain and your overall health. I stopped way back when they started with Clinton and then Gore. Why risk it?

    Most folks including WaPo should (none / 0) (#2)
    by inclusiveheart on Tue Mar 17, 2009 at 07:51:15 AM EST
    be writing about things that we do understand which is that these derivitives traders have done great damage and there are STILL no regulations stopping them from continuing to make these over-leveraged deals.

    Everyone is worrying about $165 million in bonuses - personally I am worrying about the fact that after nearly 18 months there have been no efforts made to stop companies from doing these deals.  How many more insanely risky deals have been done since August 2007?

    Why didn't they just ... (none / 0) (#3)
    by Robot Porter on Tue Mar 17, 2009 at 10:25:20 AM EST

    Like most journalist today we have no interest in doing any reporting.

    If you can't google it, or overhear it at a fancy cocktail party, what's the point?

    They didn't buy those fancy shoes to get the leather soles all scuffed up.