CNBC now reporting that attempts to have private sector provide bridge loan funds to AIG are dead.
There’s only two options left - government intervention or bankruptcy.
Hmmm. AIG's a DOW component, and the DOW is up right now.
How interesting that AIG is next.
The claim is that Treasury Secretary Henry Paulson, then chairman of Goldman Sachs illegally manipulated the price of AIG to keep it afloat, and used AIG to purchase the Dubai Ports World holdings in the US when Americans learned that they were purchasing control of US port security. Now Goldman Sachs is walking away. Many many Americans have their retirment plans in AIG annuities. Why do you suppose the government/goldman sachs/jp morgan corportist fascist consortium is doing this?