Old Project Avalon Forum (ARCHIVE) - View Single Post - fed reserve loans aig 85 bil for 80% ownership

QUESTINY · 09-17-2008, 02:14 AM

It is important that AIG stay solvent because they are one of the very very few who will insure large company transactions for international trade. We may see the shipping industry hit hard if AIG goes under. Also Consumer goods sent from China and elsewhere. These transactions are insured through AIG for guaranteed deliveries. This company handles all the big businesses. We may not get our TV's next year or our Toyota's if it failed.

This is making things worse. We are approaching the speed of light on this and the $85B just bought AIG time only. Confidence is the only thing holding the markets and the economy together. It is debt not credit! It's funny how the talking heads on TV say the problem is they having trouble valuing the debt. Since when did debt have value!

09-17-2008, 02:14 AM	#7
QUESTINY Avalon Senior Member Join Date: Sep 2008 Location: Nebraska Posts: 407	Re: fed reserve loans aig 85 bil for 80% ownership It is important that AIG stay solvent because they are one of the very very few who will insure large company transactions for international trade. We may see the shipping industry hit hard if AIG goes under. Also Consumer goods sent from China and elsewhere. These transactions are insured through AIG for guaranteed deliveries. This company handles all the big businesses. We may not get our TV's next year or our Toyota's if it failed. This is making things worse. We are approaching the speed of light on this and the $85B just bought AIG time only. Confidence is the only thing holding the markets and the economy together. It is debt not credit! It's funny how the talking heads on TV say the problem is they having trouble valuing the debt. Since when did debt have value!