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Thread: Too Big To Fail
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03-25-09, 01:52 PM #11
Re: Too Big To Fail
Originally Posted by K0nTANK3Rous
So since when is it un-American to believe that there are some good "social" policies. If you don't believe in the right to free thought, I must ask........"wtf are you even in the US for"?
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03-25-09, 05:10 PM #14
Re: Too Big To Fail
Originally Posted by Oradi
AIG is an insurance company. If an insurance company is allowed to fail, what is the effect on the value of the insured assets? To state it differently, why should we care if an auto insurance company fails? It won't affect the value of cars, will it?
I'm not asking you. I'm simply pointing out that you are already close to knowing as much about economics as some politicians. Having the courage to ask a question is something to be proud of.
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03-25-09, 10:55 PM #15Re: Too Big To Fail
i read somewhere, though i need to find more about it, but IIRC AIG was a big provider of 401ks plus did plane leases or something and a crap load of other things.
Plus look at it this way, if say, Wal-Mart were to fail. Well you would see huge amounts of unemployment, market probably go into the shitter, the whole 9 yards. I mean i live now in a small town where the biggest employers are Freeport-McMoran and Wal-Mart. If Wal-Mart failed it would probably cripple the town.
But if Wal-Mart was broken into, say 4-5 companies (for sake of an example you would have Wal-Mart, Jim Bobs, Billy Ray's, and Mic-Mart) then if Wal-Mart failed, it would have less of an impact because THEY would have less of an impact on the market. My Personal opinion.
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