Daily News Channel
Don’t get too excited about signs of life in the economy. Some days it seems there’s good news everywhere: home sales ticking up, slower job losses, the Dow turning positive for the year. But all that misses a looming reality
President Obama said Wednesday that no one in his administration had been responsible for supervising ailing insurance giant AIG but that ultimately, the buck stops with him. “Nobody here drafted those contracts; nobody here was responsible for supervising AIG and allowing themselves to put the economy at risk by some of the outrageous behavior that they were engaged in,” he said outside the White House. “[But] we are responsible, though.