tag:blogger.com,1999:blog-26235405.post8598308164100118167..comments2023-07-12T05:35:12.752-07:00Comments on Aslan's Country: Corporate BuyoutsSon of Aslanhttp://www.blogger.com/profile/14199431820949547416noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-26235405.post-41519681566115169902008-09-21T09:50:00.000-07:002008-09-21T09:50:00.000-07:00I saw this and thought it was interesting. This w...I saw this and thought it was interesting. This was before the government decided to buy all the bad debt from banks.<BR/><BR/>http://www.cnn.com/video/#/video/politics/2008/09/18/lkl.economy.wed.cnn?iref=videosearch<BR/><BR/>Larry King had on his show Ali Velshi, CNN Sr business correspondent, and Dave Ramsey, financial expert and asked them this (it was posed to Ali but you could see Dave shaking head in agreement)<BR/><BR/>Larry King: Was the AIG bailout right?<BR/><BR/>Ali: 85 billion dollar question, Larry. AIG, think of it not of not as an insurer, thank of it as an autocompany. IF an autocompany were to go out of business, its not just the autoworkers. Its the tire makers, the seat makers, its the windshield makers.<BR/><BR/>AIG is the insurance equivalent of that. There are many many companies tied to it. Nevermind that they are not just insurer for people, they insure oil rigs when hurricanes hit, they insure hollywood movies, they insure airplanes. Business exists because they can budget for the risk that can happen. So AIG would have had a far more substantial ripple effect if it were to go bankrupt than Lehman brothers or Bear Stearns (sp). Bottom line, Larry, the world can do without a couple of investment banks, insurance is a little more crucial to our economy.<BR/><BR/>backUnknownhttps://www.blogger.com/profile/05991948207927155925noreply@blogger.com