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To: Arizona Carolyn
So now the big question. Has AIG been so vilified that its franchise is now poison? If employees begin to exit for fear of a punitive tax on their wages what happens, and more importantly who is at fault? If Liddy says "screw this" and AIG declares bankruptcy tomorrow, who is at fault? What happens to the $200 billion it owes.

Those of you in favor of lynching AIG had better think seriously about that. In your zeal to "get 'em" , you may be shooting yourself in the foot.

Just another thought. Your employer, your kids' schools, your favorite mall and other commercial ventures may suddenly find themselves without insurance, and forced to suspend operations, when AIG goes. No one is big enough to take on all of AIG's risk in those markets.

179 posted on 03/19/2009 2:01:52 PM PDT by JrsyJack (ct)
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To: JrsyJack
"What happens to the $200 billion it owes.

$200 billion? Try $1.6 trillion (or more) in outstanding liabilities. If AIG goes belly-up, there's going to be more than a foot wound - the sound we'll all hear is that of a sucking chest wound.

You're point is very well made.

187 posted on 03/19/2009 2:06:48 PM PDT by Big_Monkey
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To: JrsyJack
If I was Liddy after the grilling yesterday, the nasty Code Pinko signs and Barney Franks and company, I would have quit right on the spot. He is working for FREE after all. Remember who forced Hank Greenburg out of AIG -- Spitzer!

If ever there was a time to clean house of all elected officials now is it.

205 posted on 03/19/2009 2:32:18 PM PDT by Arizona Carolyn
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