Comments on: AIG Failed, Taken Over By Fed

By: GarySoup (Gary Soup)

GarySoup (Gary Soup) — Wed, 18 Mar 2009 23:34:49 +0000

AIG Trivia: thanks to whomever it was I forgot, but AIG was founded in Shanghai in 1919 by Cornelius Vander Starr http://is.gd/glZs

By: Visiting the World’s Tallest Observatory

Visiting the World’s Tallest Observatory — Fri, 17 Oct 2008 16:28:03 +0000

[...] bank of Huangpu River, where many buildings are currently occupied by China’s major banks. AIG (or AIA) also has a building on The Bund. The area west side of the river is the “old” Shanghai, before the development of the [...]

By: Went Fishing, at the Bottom

Went Fishing, at the Bottom — Thu, 18 Sep 2008 00:47:44 +0000

[...] at the Bottom Posted by Sun on September 17, 2008 Visited 1 times When Uncle Sam wrote that $85 billion dollar check to save AIG last night, he probably didn’t expect this to happen on the Wall Street today: a nearly [...]

By: Super Saver

Super Saver — Wed, 17 Sep 2008 17:03:44 +0000

Sun,

Unbelievable, AIG was a $70 stock about one year ago.

However, my bigger concern is that failures like Lehman are affecting money market funds. Theoretically safe investments like money markets losing value means we are still likely to face more challenges before a turnaround. Unfortunately…

By: Chad @ Sentient Money

Chad @ Sentient Money — Wed, 17 Sep 2008 15:40:28 +0000

I don’t think this is the end of the financial crisis, just the beginning of the end. Others will fail shortly, along with at least one major bank, which could be WaMu. The sooner this happens the better.

Not allowing AIG to fail was a huge mistake and will prolong this downturn.