The AIG plot is thickening here in Virginia. According to the company’s announcement on March 15, public entities in Virginia were on the receiving end of more than $1 billion in payouts. That’s the second most of any state behind California. You can see a graph here. According to the press secretary for Tim Kaine,… Read more »
AIG
Wall Street to Broad Street
When Wall Street institutions falter, Richmond feels the tremors. But the details of how all this will play out locally are anyone’s guess. Pat Fishe, a professor of finance at the University of Richmond’s Robins School of Business, said that the day’s events have several local ramifications. National banking activity could slow, and with our… Read more »