American International Group. AIG Fights For Survival. (part 1)

[lostinseganet]

Blow your nose man.

[flagship21]

They should not be bailing out these bankers. Let them learn.

[ibphotos]

Depends I suppose if AIG is a victim or conspirator in all this. Mortgage companies sign really crappy loans with "sub prime" borrowers. MOst of these borrowers I think, can afford a house, just not in 15 years at 25% interest. SPeculators took the sub-prime loans, cause never held a house long enough for it to reset. Housing goes up, sales go down, speculators get stuck holding the bag. Other sub-prime borrowers don't get refinanced (AS PROMISED). AIG insures the whole mess. BOOM!

[jcruz0]

insurance should be illegal. it's nothing but gambling. we need a national, single payer insurer. once you realize who insures the insurers you understand how it's a scam to rip the private citizen off. imagine a cat 5 hurricane destroys most of florida, and all the people with insurance want their check, insurer can't pay,guess who is insured by THE GOVERNMENT? the insurer. why don't we just have the government insure us initially?

socialize the loss, privatize the profit.

God Bless America.

[enytned1]

Where is the American Government getting the money to bail all these companies out? Who will bail out the government when they can't cover their loans?

[chutubeme]

our taxes...

[Tigerpoi51]

The Govt just prints the money. But this cause's the dollar to lose value. .. and will end with Hyper Inflation.

[KelthTruth]

hey this is not your video

[sugargrandpa]

insurance company? it can't even insure itself lol