"The fact that we have reached a point where the Federal Reserve felt it had to take this unprecedented step with the American Insurance Group is the final verdict on the failed economic philosophy of the last eight years." Barry Obama
Who is this American Insurance Group he is speaking of?
AIG.... American International Group, often called by the name American insurance Group or AIGDirect to help distinguish the it from the parent body AIG financial, which was not part of the scandal...
AIG proper didnt suffer the major problems AIG insurance did...
it was AIG Insurance which lost its AA credit rating, causing lendors to pull the plug on it... which made for the issue where they didnt have enough liquid assests to pay back lendors, causing the money problems....
So, saying American Insurance Group when refering to AIG, is at best the usage of a common name, at worst a slip up since he was still trying to speak about the American International Group Insurance part...
but your right.... he did technically speak incorrectly, i guess.....
and transparency in govt.... considering he reinstated the ability for us citizens to use the freedom of information act that the Bush years had totally shut down, combined with efforts to actually document and put online on to the WWW the spending various plans are doing.... i would say yeah, the govt is MORE (though not totally) transparent than it has been in the last 8 years...