The truth of the matter is that AIG is to big of a corporation to let fail. AIG has to many assets worldwide to collapse without collapsing the world economy. AIG is mainly an insurance company and is less regulated on transactions than an investment bank. Regulation of the securities sector is the only way prevent this in the future. The biggest complaint in by wealthy Americans is that less fortunate families bought sub prime mortgages they couldn't afford out of greed. How is that any different than maverick CEO's that imploded companies the ran for a greedy profit?
Sent from my Verizon Wireless BlackBerry
Wednesday, September 17, 2008
AIG over Lehman
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