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General - Market Meldown - View Post

NJ5 said:

AIG's situation is going from bad to worse:

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4764802.ece

They're trying to get money fast... What will the Fed have to do this time to keep the economy afloat? A lot of virtual money may be set on fire today.

 

 

Shits gonna hit the fan if and when AIG falls. They are trying to get $70 billion credit line to show people that they are not in a huge trouble.  What they don't want people to know is that they have a one trillion dolloar balance sheet.

I better hurry and get the checks cashed.