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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (188097)3/3/2009 8:34:53 PM
From: stockman_scottRead Replies (2) of 306849
 
And I have read that each GM job supports 8-10 other jobs in our economy (a much bigger multiplier effect than we see with jobs in the financial firms).

The only reason the FED and the Treasury are supporting AIG is that they claim "it's too big too fail" and may actually be a Lehman Brothers on Steroids if it goes down -- lots of unintended consequences may take place and rock the global financial markets when they are most vulnerable.

Then again tax payers have already dumped close to $200 Billion into AIG - one would think there must be a better way to stabilize the firm.

It's very clear that the financial regulations didn't work to prevent toxic timebombs like AIG and Citi -- they now are basically on life support and wouldn't be alive without all the capital from tax payers.
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