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To: kingattax

Gotta admin - I’m confused. It seems to me they should fail - but these are supporting financial instruments throughout our economy. Have any economists written a what if scenario if AIG did fail anyway??


13 posted on 09/20/2008 9:41:22 PM PDT by RushingWater (Pres. Bush honors Mexican sovereignty over our own - Pardon Ramos/Campeon/Hernandez)
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To: RushingWater

It would be bad, but necessary. Eventually the market will have to correct itself in the form of a recession/depression but the longer we wait and the more institutions we “bail out” the worse it will be. We’ve been living far beyond our means with a completely consumption based economy that can not sustain itself.


16 posted on 09/20/2008 9:44:10 PM PDT by djsherin
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To: RushingWater
Have any economists written a what if scenario if AIG did fail anyway??

Oh, I imagine at least a rough draft was done at the Fed.

17 posted on 09/20/2008 9:47:04 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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