Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (460911)	3/4/2009 9:49:45 AM
From: combjelly	2 Recommendations Read Replies (1) of 1575396

"What has been the benefit of propping up AIG, which is likely to fail before it is over anyway?" Well, we avoided an immediate global economic collapse. That has got to be worth something. AIG was at the center of the CDS's. If AIG had gone TU, then every large financial institution in the world would have instantly been insolvent. So, what happened in Iceland would have happened in every country in the world.

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