Quote:
Originally Posted by Jim Richards
Who else go would bankrupt as a result of letting AIG die, and what would be the fall out to our economy? Just curious.
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I recently read an article about where AIG's bailout money has gone. I did a quick search and couldn't find the article for you.
A lot of it went to Goldman Sachs. Quite possibly if you let AIG fail on its obligations, you sink Goldman, if you sink Golman then you sink JP morgan, if you sink JP morgan then you take out Bank of America, and around the wheel we spin. That is why the fed and the government are keeping AIG around. If they could let them fail, I believe they would.