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The Latest AIG Story
Message
From
01/02/2010 00:54:09
 
 
To
31/01/2010 20:41:03
General information
Forum:
Finances
Category:
Banking
Miscellaneous
Thread ID:
01446400
Message ID:
01446839
Views:
26
I can only speak for myself.

I'm not a snob but do have what you might consider bad teeth. Not rotten but Gaps etc.

I had a baby tooth pulled out last year (it almost fell out actually) and told the dentist to just leave the gap. Its somewhere to park my tongue.

>Ok, I don't know anyone who has an assault rifle so I was curious... is every Englishman a snob and have bad teeth? :o)
>
>
>>Is a random joke Tc
>>
>>>Please tell me what your answer has to do with AIG?
>>>
>>>>Apparently if every US citizen has an assault rifle everything will be fine. And they won't get invaded.
>>>>
>>>>
>>>>
>>>>>Well, what is the answer ?
>>>>>
>>>>>>>The answer is quite simple, AIG underwrote many large companies, if they were allowed to fail it would have quite possibly caused a cascade failure of many businesses. Without underwriting the companies directors would have no other option but to fold the companies with major problems occurred, and there were many problems at that time.
>>>>>>
>>>>>>If the answer was simple you wouldn't have to qualify it.
>>>>>>If the answer was simple the regulators would offer it in unison.
>>>>>>
>>>>>>;)
>>>>>>
>>>>>>
>>>>>>
>>>>>>>>Will regulators ever coherently explain why AIG could not be allowed to go bankrupt in September of 2008?
>>>>>>>>http://online.wsj.com/article/SB10001424052748704094304575029400270865426.html?mod=WSJ_Opinion_AboveLEFTTop
>>>>>>>>
>>>>>>>>Regulators did not see or ignored the problem as it grew, made bad/wrong decisions early, waited until the supposed critical hour to demand a massive cash influx from taxpayers, directly or indirectly bailed out the very firms they used to work for all while demanding to anyone who would listen that those "too big to fail" were a "systemic threat" to the system itself and required rescuing. Yet here we are, 14 months later, their former firms flush with cash, lending stagnant and they cannot get their story straight on what was the "systemic threat" of AIG. Fishy is not a strong enough description.
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