Wednesday, September 17, 2008

 

AIG Problems

Nashville , Tennessee - people are bent out of shape over AIG's troubles. They don't understand how it could get into so much quicksand. Well , here's the beef - the financial part is where the problems lay. The insurance part is Okay. Keep in mind , AIG is only worth about 1.4 Trillion dollars , thru owning 150+ insurance companies , world wide.
So , why does AIG need the Feds , for a bail out ? Hmmmmmm ,

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