The priority in the AIG debacle is to rescue folk who have insured their families with this corporation. Washington should lose no time in issuing unequivocal assurances in this regard.
People who have invested in AIG stocks should review their portfolios. It is best to switch over to bonds if financial appraisal is not your cup of tea.
Finding new corporate owners for AIG is not government business. Strangely, this is all the Fed seems to be able to do.
AIG is not the last corporation to approach utter business failure. That is why we must assert our rights, and set priorities between various entities that have provided the inept AIG management with precious resources.
I invite your comments. Please post below.
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