AIG nationalized - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

SeattleUte · 09-18-2008, 03:52 PM

AIG has been nationalized just like when third world countries come in and take ownership of oil producing interests and oil interests. The process by which this happened varies from place to place. Sometimes governmets, as in the AIG situation, pay consideration (sometimes via a forced sale, not for FMV). But the result is the same. The largest insurance company in the world has now been nationalized by the United States government. Does anyone see a problem with this?

09-18-2008, 03:52 PM	#1
SeattleUte fairlds.org Join Date: Jan 2006 Location: Seattle, WA Posts: 10,665	AIG nationalized AIG has been nationalized just like when third world countries come in and take ownership of oil producing interests and oil interests. The process by which this happened varies from place to place. Sometimes governmets, as in the AIG situation, pay consideration (sometimes via a forced sale, not for FMV). But the result is the same. The largest insurance company in the world has now been nationalized by the United States government. Does anyone see a problem with this? __________________ Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster