Well, AIG stepped out of the standard insurance biness by ensuring bond payments. Bond failures tend to cascade. AIG was rescued because its failure threatened the money market, once believed to be a safe haven.
Advice: if you plan to invest in precious metals, invest in lead first, then hold your metals. Don't let your investment house hold the metal. Terry On Wed, Sep 17, 2008 at 10:25 PM, R C Macaulay <[EMAIL PROTECTED]> wrote: > Talk about conspiracy theories. We are watching the largest bank robbery in > history and nobody believes it is contrived. > AIG insured the whole mess and now takes a dive when payday comes. > Las Vegas Gambling casinos and established insurance companies cannot lose > money. It is simply impossible. The statistics governing both make it > impossible. Gambling by simple percentage edge odds, and insurance firms by > re-insurance and delaying payout for losses ONE year. > Oh Yes! There is no way something like this could happen and be kept > secret... hmm.. didn't I just hear this said about WT-7. > Richard > > Takes one to know one. >> >> Banks lose faith in their own? > >> Terry > >
