> RoMunn wrote: > The whole Merrill/Bear/Lehman/AIG string of events totally mystifies me. > really don't know, and I wonder why we are continuing to put so much money > into AIG. Do we have a hope of seeing that money again? >
Dude. Swaps. I've told you a zillion times. It's not in any way complicated: AIG insures investments AND is an investment that's insured. If they go down then they trigger a bunch of payouts to people who've insured against AIG going down. But AIG may have been insuring THOSE people. Add to that the fact that AIG writes trillions in life insurance and all those people would lose and/or "run the bank" if AIG looked shaky. In other words AIG is big domino in the middle of a huge domino field. Until the swaps problem is fixed this could happen at any moment. Which is why I've been telling you there's no sub-prime crisis. That's a made up fable. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:291338 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
