I don’t understand one thing. The other day, White House press secretary Dana Perino was saying that they couldn’t afford to let AIG fail because, basically, the entire economy would collapse.
How can that be? Something doesn’t sound right here! I don’t think we’re getting the truth. I think they’re all lying to us, starting at the top.
AIG owns so many credit derivatives. Many are subprime home loan guarantees. AKA credit swaps. AIG is not an insurance comapany as we know one with life, health, and P&C insurance that is subject to sound underwriting.