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...gave AIG no time to react, no time to raise more capital, no more time to do anything else but beg for help. Because AIG is in a much scarier situation than Lehman - the insurer has assets of $1 trillion, more than 70 million customers and intimate back-and-forth dealings with many of the world's biggest and most important financial firms - Uncle Sam felt that it had no choice but to intervene...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

...Your "Back & Forth" column quotes CNN President Jon Klein as saying of the press coverage of Palin, "I don't think anybody expected the news media to just sit there and accept the Norman Rockwell painting. That's not our job." The news media did exactly that for Barack Obama. Richard Laxton, Bowraville, New South Wales...

Author: /time Magazine | Title: Inbox | 9/18/2008 | See Source »

...Blake from Glengarry Glen Ross and Donaghy get along? -David Reichwein, IndianapolisI don't think the two of them would get along, because in [writer David] Mamet's world, human beings really behave like animals. They slaughter each other and eat each other and hunt each other and so forth. That's the opposite, I think, of Donaghy, because as pompous as he is, he avoids conflict as much as possible...

Author: /time Magazine | Title: 10 Questions for Alec Baldwin | 9/18/2008 | See Source »

...Back & Forth...

Author: /time Magazine | Title: Verbatim | 9/18/2008 | See Source »

...More pragmatic than partisan, "non-college-educated white women are the ultimate swing voters and the ultimate late deciders," says Mary Beth Cahill, who was John Kerry's 2004 campaign manager. "They swing back and forth with every new piece of information." In the Democratic primaries, they came out in force for Hillary Clinton. Many say they wish Obama had put her on the ticket, but on the issues, they still tilt toward the Democrats. Given their worries about the direction of the country, their low regard for the current occupant of the White House and the fact that women...

Author: /time Magazine | Title: Maxed-Out Moms: The Battleground Voting Bloc | 9/17/2008 | See Source »

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