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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?
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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?