Oh Dear : Us Governement Nationalises Aig

[sappatz]

This is an historic moment.
The US government nationalises an insurance company !!!!

[scooterscot]

So does that mean my home is now insured by the US Fed? Cooool (Bart simpson)

[GreenerGrass]

Here is an example of how AIG going pop, or even getting their credit rating downgraded, can ripple out
http://www.telegraph.co.uk/money/mai...7/cnetc117.xml

There are thousands of financial instruments that they insure.

The US Govt had no option. They were right to let Lehman go bust, and right to save AIG. Most banks have exposures to AIG that probably didn't even figure in their risk models. It would have been catastrophic to let them fail.

[DimPrawn]

This is an historic moment.
The US government nationalises an insurance company !!!!

Thank god for Socialist ideals such as State Nationalisation to save their Capitalist @rses.

[Peoplesoft bloke]

This is an historic moment.
The US government nationalises an insurance company !!!!

Pinko commies!

[Spacecadet]

good ol' USSA to the rescue