Support NeoGAF

[mashoutposse]

You could also look at it this way: if they had been forced to keep some capital in reserve for each swap, this "cost" would have been reflected in the price, making it higher and forcing AIG to be more selective about what securities they insure.

This is where government regulation can prevent things like this from happening.

The Ds need to do a better job of explaining exactly this to the public.

 

[bumpkin]

Let the assholes fucking die.

Sorry, but AIG did everything in its power to not pay medical bills and try to stick my wife with the tab when she was injured at work; the injury resulted in her having back surgery. I don't know how they sleep at night, but I hope they collapse and the answer is in a cardboard box.

 

[bionic77]

Let the assholes fucking die.

Sorry, but AIG did everything in its power to not pay medical bills and try to stick my wife with the tab when she was injured at work; the injury resulted in her having back surgery. I don't know how they sleep at night, but I hope they collapse and the answer is in a cardboard box.

That is true of all insurance companies and not just AIG and this will always be a problem unless we get universal healthcare.

Though that system is due for a shock. Not sure when it is coming but at the rate healthcare costs have been increasing it is inevitable.

 

[KHarvey16]

You don't want AIG to fail. This romantic concept of "starting anew!" will get old in about 3 seconds. It'll be a nightmare.

 

[kaching]

For most, "investment" means "potential for appreciation in value."

Right, "potential" being the operative word. No different than buying a home.

 

[Crayon Shinchan]

Let the assholes fucking die.

Sorry, but AIG did everything in its power to not pay medical bills and try to stick my wife with the tab when she was injured at work; the injury resulted in her having back surgery. I don't know how they sleep at night, but I hope they collapse and the answer is in a cardboard box.

There are assholes. Absolutely. Someone should be held accountable. Absolutely.

Regardless, unless you have a particular desire to also see the foundations of confidence in economy completely crumble, then you'll have to put up with them.

It's one thing to have individual claims refuted because they're dipshits. It's another thing entirely to have everyone's claims simultaneously fucked because the company that's backing them collapses.

Put it another way... how much would you pay for a house or a car for which you couldn't insure? I mean, the special feature of the asset is that you *couldn't* insure it.

You'd pay far less, or at least demand a pretty steep discount wouldn't you?

Well, that's what'll happen to all insured assets (and there are plenty of those) when something the size of AIG goes down.