It will dwarf all those others, Lehman, Merrill Lynch, Bear Sterns, etc.
We are fked kids. Completely fuked!
:scared :scared :scared :scared
We are fked kids. Completely fuked!
:scared :scared :scared :scared
It will dwarf all those others, Lehman, Merrill Lynch, Bear Sterns, etc.
We are fked kids. Completely fuked!
:scared :scared :scared :scared
Fed leaves rate the same. The market strain is higher than ever before. If AIG goes under it will be the closest thing to the depression since the depression. We might get there.
You better have some cash handy!
:scared :scared :scared :scared :scared
Let's spend another trillion in Irag chasing the boogy man.[/QUOTE]
Bingo! We have a winnah! Just what Bin Laden wanted we implode.
Fed leaves rate the same. The market strain is higher than ever before. If AIG goes under it will be the closest thing to the depression since the depression. We might get there.
You better have some cash handy!
:scared :scared :scared :scared :scared
Let's spend another trillion in Irag chasing the boogy man.[/QUOTE]
Bingo! We have a winnah! Just what Bin Laden wanted we implode.
you two should get a room
you two should get a room
You should get a fking clue:00x33
If AIG goes under it will be the closest thing to the depression since the depression. We might get there.
You better have some cash handy!
You should get a fking clue:00x33
You can start firing out all the unbias clues on this topic any time now.
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"Well. We're waiting"
You can start firing out all the unbias clues on this topic any time now.
![]()
"Well. We're waiting"
It's the WORLDS LARGEST INSURER.
If you can't understand the devastation that would have on an already cracking and failed economy, far be it from me to sit here and explain it.
It's the WORLDS LARGEST INSURER.
If you can't understand the devastation that would have on an already cracking and failed economy, far be it from me to sit here and explain it.
take my hand, I'll help you....
If AIG 'failed', there would be an absolute shitstorm. Almost every bank has a huge exposure to them. They are a massive issue of credit default swaps - an instrument that allows the banks to reduce their liability against a particular holding. However, if the insurance company (AIG) can't pay out, or the rating of the CDS is reduced (by the ratings agency - which happens if the overall rating of the issuer is reduced), the bank needs to hold more regulatory capital to show that it is solvent. But, what happens if the bank doesn't have that capital? - It is no longer considered solvent from a regulatory point of view, even if it has enough money to operate.
European banks probably have a little head-start here since regulatory capital is more closely controlled through Basel II, but it ain't going to be much.
So......This shouldn't affect the Mexicans living next to me, huh?
:0corn :
q; how do you get a insurance salesman off your porch
a; pay for the pizza
why
do you work for AIG or something ?
At first I thought my wifes 401 K was linked to them , but its not.
It will dwarf all those others, Lehman, Merrill Lynch, Bear Sterns, etc.
We are fked kids. Completely fuked!
:scared :scared :scared :scared
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