Sources: AIG to get up to $30B more in Fed aid

[ducks]

http://news.yahoo.com/s/ap/20090302/ap_on_bi_ge/aig_rescue

[boutons_]

a drop in the bucket for the $10Bs even $100Bs that AIG is on the hook for.

If AIG goes down, you ain't seen nothin, yet in the way of financial sector, worldwide, meltdown.

[TDMVPDPOY]

a drop in the bucket for the $10Bs even $100Bs that AIG is on the hook for.

If AIG goes down, you ain't seen nothin, yet in the way of financial sector, worldwide, meltdown.

the market (capitalism) will correct itself if the govts around the world allow these insolvent companies to go bankrupt, the smaller competitors with liquidity will buy these marked down assets and expand their business market share leading to an expansion in some cases, and will probably need more workers. You might lose 40k-100k jobs in one companys workforce, but you might see half of those numbers of newly created jobs in the expansion.

You get rid of the bad eggs and incompetent ppl running the show. What you dont need is govts continue to inject funds into a insolvent company that doesnt look like it be able to pick itself up or recover them govt loans. Govt shouldnt even buy them bad assets or shares into that company when it could end up being a liability to them down the road if everything continues to be the in red.

[Winehole23]

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The spectacle is reminiscent of the regulatory response to the collapse in the early 1990s of BCCI (http://query.nytimes.com/gst/fullpage.html?res=9D0CE5DE163DF937A2575AC0A9679582 60&sec=&spon=&pagewanted=all), a bank with operations in London, Luxembourg and the Middle East. BCCI regulators in its multiple jurisdictions, including London, dodged responsibility for not spotting BCCI’ (http://www.google.com/notebook/public/05838763254983837150/BDQTaSwoQwuv93rgi)s $10bn fraud by blaming each other.