Stinque » Wanker of the Week

Jacob Frenkel, AIG Vice Chairman and Republican and economic prognosticator. And quite wrong about it all we see now. And the jerk still works at AIG.



Stinque » Wanker of the Week: "Jan. 30 (Bloomberg) — At the World Economic Forum two years ago, Nouriel Roubini warned that record profits and bonuses were obscuring a “hard landing” to come. “I really disagree,” countered Jacob Frenkel, the American International Group Inc. vice chairman and former Israeli central banker.
No more. “Roubini was intellectually courageous, and he called the shots correctly,” says Frenkel, whose AIG survives only on the basis of more than $100 billion of government loans. “He gained credibility, and he deserves it.”"