Posted by: englishchris on September 17, 2008 04:32AM
In response to: Re: AIG files Chap 11 by gold777
Never mind the Credit Default Swaps, my team will have to get a new sponsor:-
http://afp.google.com/article/ALeqM5...
The US Government now owns AIG, the biggest insurer, along with Fannie and Freddie, the biggest mortgage providers. Did I get this right? So Uncle Sam is going to underwrite all the mortgages and the CDSs as well as social security and Medicare and fighting multiple wars to retain access to oil and funding a manned mission to Mars.... Dollar has got to be toast now surely....