First, I'm not trying to start anything, but I'm sure this will end up that way.
Can someone explain to me in a ration, politically neutral way, why we can't let AIG fail?
I just heard on the news that they are going to get even more tens of billions of dollars on top of what they already got and I can't for the life of me figure out what the consequences of just letting them go under would be.
Please try to keep political hated out of this, it's really tiring to see and I really just want someone to explain this to me and not why Obama is the Antichrist or it's really all Bush's fault. Thank you!
Asked by Anonymous at 3:33 PM on Mar. 2, 2009 in Politics & Current Events
It's easy to say we should let them fail, unfortunately it's not that cut and dry.
AIG is one of the largest trading groups within the Western banking system.
Answer by heatherama at 5:02 PM on Mar. 2, 2009
Answer by Anonymous at 3:33 PM on Mar. 2, 2009
Answer by NotPanicking at 3:36 PM on Mar. 2, 2009
Answer by Erica_Smerica at 3:37 PM on Mar. 2, 2009
Answer by Anonymous at 3:38 PM on Mar. 2, 2009
I agree. I am really interested in seeing the responses. I believe that the concern is that if it fails, so do many businesses and can start off the domino effect, causing a whole lot of businesses to fail. Plus, now that the feds own part of it, they won't let it fail because this is the beginning of the socialist take over (starts with Nationalization of our financial institutes).
Answer by Anonymous at 3:40 PM on Mar. 2, 2009
Answer by Anonymous at 3:44 PM on Mar. 2, 2009
Answer by Anonymous at 3:46 PM on Mar. 2, 2009
I think they should let them fail, sure jobs are going to be lost and it would be sad but this is a lesson that needs to be taught so other companies don't come asking for a bail out because they aren't doing things correctly.
Answer by Anonymous at 3:49 PM on Mar. 2, 2009
Answer by Anonymous at 3:57 PM on Mar. 2, 2009
Next question overall
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