Quote:
Originally Posted by Rochard
If AIG was to go out of business in the morning it would have zero effect on me.
We just gave the banks billions and what happened? Nothing. I understand change doesn't happen in a day, but we gave them money to grease the wheels and get loans moving. Yet they aren't doing it.
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I wouldn't say that. Many of the banks and financial companies in this country would go out of business. Others would be scared shitless as to whether they are exposed to the risk. Credit lines would be slashed, banks would stop lending. Perhaps that doesn't effect you, but it would effect the majority of your customers who would lose their credit limits on their CC or just their job.