BOOM!!! BREAKING: AIG Debt Rating Cut By Fitch

[QUESTINY]

Originally Posted by JSErwine

I'm no finance expert, but this seams like a snowball thats just starting to roll down hill. The consumer has not even fealt the ripple effect yet, am I wrong?

I know if this AIG thing go's completely sour, it will effect the industry I work in greatly.

It is important that AIG stay solvent because they are one of the very very few who will insure large company transactions for international trade. We may see the shipping industry hit hard if AIG goes under. Also Consumer goods sent from China and elsewhere. These transactions are insured through AIG for guaranteed deliveries. This company handles all the big businesses. We may not get our TV's next year or our Toyota's?

[Zarathustra]

Originally Posted by QUESTINY

It is important that AIG stay solvent because they are one of the very very few who will insure large company transactions for international trade. We may see the shipping industry hit hard if AIG goes under. Also Consumer goods sent from China and elsewhere. These transactions are insured through AIG for guaranteed deliveries. This company handles all the big businesses. We may not get our TV's next year or our Toyota's?

If I'm not mistaken AIG purchased the port that Dubai was going to purchase before that deal was made public and rejected. Any knowledge of that?

[QUESTINY]

Originally Posted by Zarathustra

If I'm not mistaken AIG purchased the port that Dubai was going to purchase before that deal was made public and rejected. Any knowledge of that?

There was more than one port. There were at least 6 and as many as 8. They were still purchased by Dubai from a Shell company out of London. If AIG goes under then this information my be revealed accidentally and then things will really get ugly with the American people.

[Zarathustra]

Originally Posted by QUESTINY

There was more than one port. There were at least 6 and as many as 8. They were still purchased by Dubai from a Shell company out of London. If AIG goes under then this information my be revealed accidentally and then things will really get ugly with the American people.

Thanks,

I knew there was a connection there. Do you see an immediate Federal takeover to try and keep that under wraps if AIG takes a dirt nap?

[QUESTINY]

Yes, that and many others. But it won't work because the debacle is bigger than the dirty secrets. Lets hope nothing happens to JP Morgan Chase.

[Zarathustra]

Originally Posted by QUESTINY

Yes, that and many others. But it won't work because the debacle is bigger than the dirty secrets. Lets hope nothing happens to JP Morgan Chase.

I agree that it won't stay hidden, investors are losing billions, not to mention the Americans footing the bill, people are going to "out for blood".

[John aka#404]

[Mod Hat off]

I love reading these dialogs folks. Keep it up... very informative.

(insert the above to the other current ones going on)

-John aka#404