At present their is no way our Gov't could begin to afford the several trillion dollar exposure in AIG's portfolio. So, we have to let it eat away at us like a cancer for light years ahead, party over.
JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties [View article]
I often ponder when/if the true liabilities of JPM or GS will ever come to be open and factual ? Can it be that the status/exclusivity of these two monsters will ever be exposed.
Weekly thinking makes me think no, unless the the whole card system implodes, at which point in time it just probably won't matter.
Senator Harry Reid: 'No One Knows What To Do' [View article]
The more I unwind all of my positions and see what I thought would happen, happen, I just think about moving to Belize or Cayman or Barbados and saying to hell with it all.
Is AIG a Buy Following the Government Bailout? [View article]
You forgot to mention the gigantic position AIG has with respect to derivative exposure. You can pretty well forget their assets, should most of them come unwound.
How AIG Bamboozled the Government [View article]
AIG Tax: So Bad It's Good [View article]
AIG Bailout Empowers Class Action Lawsuit Against MBIA [View article]
JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties [View article]
Weekly thinking makes me think no, unless the the whole card system implodes, at which point in time it just probably won't matter.
Senator Harry Reid: 'No One Knows What To Do' [View article]
Is AIG a Buy Following the Government Bailout? [View article]
Is AIG a Buy Following the Government Bailout? [View article]