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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (44676)	1/3/2009 8:26:48 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 217563

Of course AIG is the fig leaf which prevents "mark-to-market" at so many firms around the globe, financial and other industries. If the thinking is propping-up AIG will be less expensive than letting the losses occur, I would guess this is a bad bet. If the thinking is to give many of the affected firms time to earn their way out of their actual, but hidden by AIG insurance, losses there may be some merit in some cases - but not in most. I suspect the continuing AIG bailout is merely as the result of intense lobbying by the potentially affected firms without much consideration for a long-term game-plan. Which makes the AIG bail-out a textbook example of Crony-Capitalism which has so characterized the Bush administration. .