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Message: AIG files Chap 11

Re: AIG files Chap 11

posted on Sep 17, 2008 12:32AM

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....

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