[Cronos]

AIG was an insurer of financial products that it HAD to pay back. If AIG didn’t pay the stuff back, most of the banks in the US and globally would have failed, shut down. When the banks shut down, the economy shuts down. When an automaker shuts down, there is pain in many sectors but not across ALL sectors.

[rbg81]

AIG was an insurer of financial products that it HAD to pay back. If AIG didn’t pay the stuff back, most of the banks in the US and globally would have failed, shut down.

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Do you know how much AIG is on the hook for? How many trillions? Is the US Gov now stuck with that? Sorry, bud, but I don’t support bankrolling an irsurer who got stupid. If these banks fail as a result, tough luck—its still a net savings for the taxpayer. They should shut them down too—others will eventually take their place.