Quote:
Originally Posted by saden1
LOL...you learn something new every day.
I don't mind the money going overseas because our economic strength is partly predicated on the confidence of foreign investors to invest here. Plus those foreign guys bought legitimate insurance service and are entitled to receive compensation. What I do mind is letting AIG leverage 11 to 1. That's 9.5 trillion to 860 billion.
p.s. Forgive me Lord SS for providing links without pre-aproval. |
I think the preasure put on the CEO's to drive up stock prices is a big problem today and they take risk that either make them great or flop. I'm sure at some point that leveraging was paying off big but when things start to go bad then things just fall apart.