Mattk, you mean the govt. is supposed to nationalise debt?
AIG is a behemoth, that certainly would create huge ripples if it collapsed. So the govt. intervention with its $80b @ 8.5% above 3-month LIBOR is necessary, but expensive.
My main concern is that the US fed keeps nationalising debt. 11 banks this year, now AIG, how much more to go?
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