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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Mike M2 who wrote (245606)4/26/2010 12:22:52 PM
From: bentwayRead Replies (2) of 306849
 
AIG didn't just work for GS. Had they failed in that delicate moment, MUCH more than GS would have paid the price. Ships weren't sailing because payment wasn't insured on the receiving end. Trucks weren't rolling. The world economy was seizing up. There really wasn't a lot of time left to investigate.

We'd be in the Bush Great Depression instead of the Bush Great Recession. Were mistakes made? Sure! Could things have been done better, more economically? Of course! Hindsight is SO 20-20!
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