Quote:
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.
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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?