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Bailout Plan
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Why is the Federal Reserve working so hard to bail
out AIG? Well, maybe you do not realize this, but AIG is a world-wide
company, it is one of the largest companies on the planet. It insures
nearly every building, airliner, ship, oil platform and re-insure lease
agreements and deals around the World. They are a huge life-insurance
company. They have a 10 Billion Dollar aircraft leasing business, they
have the largest network of broker dealers and financial planners.
They
are the ones who insure and re-insure in case of huge calamities, and
have the ability to hold up entire economies if catastrophe strikes.
They operate in over 100 companies, they even have insurance policies
based on Sharia Law if you can believe that, and in China, it\'s AIG or
no one. See, how big it is? See why it\'s so important to the world
economies? If we allow AIG to go bust, the ripple effect will take out
a huge number of companies.
They insured the deals behind Lehman
Brothers and so many other investment banks. Can you imagine if all
those policies simply stopped? No one would have insurance, no
financial asset would be safe, every major company would have their
financial credit rating downgraded. Our stock market would lose 2,000
pts and other world stock markets would simple collapse and trillions
of dollars would evaporate in an instant.
The Japanese Stock
Market was up along with other stock markets round the world as soon as
news hit the wires that a deal to loan the company was reached. This
loan will enable AIG to make good on all its obligations and insurance
deals. AIG is not a company that is full of corruption, not even a
little bit, it\'s one the best companies on the planet in fact.
AIGs
recent problems stemmed from exposure to runaway bubble games in the
subprime lending fiasco, that took down some of the largest investment
banks in the United States and still threatens regular banks in the US
and Foreign Banks. AIG\'s government backed \"loan\" is a god\'s send to
our trading partners right now and this move most likely saved the US
economy from \"certain death\" in this Earthquake that rocked the
financial world like a Hurricane the threatened to blow our house down.
Think on this.
\"Lance Winslow\" - Lance Winslow\'s Bio. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/