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| AIG 'Was Going to Bring Down Europe': Lawmaker |
| 2009-03-07 |
| The U.S. government rescued giant insurer American International Group in part because its collapse would dramatically hurt European banks, a senior Democratic lawmaker said on Thursday. |
| Posted by:g(r)omgoru |
| #5 That was indeed an enlightening summary, Verlaine. I need things neatly clarified when the subject is related to money, I fear. Thank you! |
| Posted by: trailing wife 2009-03-07 22:35 |
| #4 Beat me to it, Frozen Al .... So AIG was a Europe-play, perhaps most of TARP was a direct or indirect China-play? Nothing wrong with interconnected interests like this, of course, but it would be nice if there were just a wee bit of transparency by the executive, curiousity on the part of the legislature, maybe a brain in the "press," and what the hell even common sense and standards in the populace! I know, I know. These thoughts are fading into memory, but still push themselves forward every now and then. |
| Posted by: Verlaine 2009-03-07 20:52 |
| #3 Ok then, please have Chartres Cathedral delivered to this wonderful little spot on the edge of town. |
| Posted by: swksvolFF 2009-03-07 17:52 |
| #2 "AIG was going to bring down Europe" And this is bad because ...? |
| Posted by: Frozen Al 2009-03-07 14:15 |
| #1 Senator Bob Corker, a Republican from Tennessee, said he was surprised that AIG's counterparties were not only saved from being wiped out, but also took no discount on their securities. "They've actually made out like bandits." Lawmakers said they were running out of patience with regulators' refusal to identify AIG's counterparties. I'm shocked, shocked, I tell you. |
| Posted by: Bobby at the Kids Place in Texas 2009-03-07 10:20 |