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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If AIG goes out of business today it's the colapse of the financial system as we know it...
There are multiple multiple times the GDP of the entire planet in credit default swaps... that means every bank and compagny that have them would almost instantly go bankrupt. That probably includes the bank where your money is.