AIG救済

 FRBのプレス向け声明
 http://www.federalreserve.gov/newsevents/press/other/20080916a.htm

 :The Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.

The purpose of this liquidity facility is to assist AIG in meeting its obligations as they come due. This loan will facilitate a process under which AIG will sell certain of its businesses in an orderly manner, with the least possible disruption to the overall economy. :

 下にも書いたけれども「ダブルスタンダード」とか「市場の失敗がない」とかその手のミクロ面の話は、「深刻な流動性の不足」の前では、僕は重視する必要がないと思いますね。問題はむしろこの後で、日本でもりそな救済以後の竹中大臣(当時)の主導による規制の歪みの方がまずかったわけで(参照:野口旭『エコノミストたちの歪んだ水晶玉』)、今回も今後の規制がらみが気になるところ。