Better still, it looks like you are going to be a part owner of AIG! What a country!

Do what I do Mike - put your money in Mason jars and bury them in your backyard.

Here's the question:

In the event of insurer insolvency (which is the path that AIG is on), the government is obligated to step in and take over the business. Is it better to step in before insolvency or after?

Government intervention is going to happen either way. Does "proactive" intervention mute the huge ripple effect in the market that the failure of a company that employs 116,000 people and insures 74 million people worldwide creates, thereby preventing the need to intervene elsewhere as fallout spreads like a virulent disease?

Pick your poison. One might just temporarily paralyze you, the other will kill you and leave your lawn a toxic waste dump.

Bullshit. This company was covering financial instruments for other companies.

Now instead of letting the dead man die we turn him into a taxpayer owned frankenstein.

I love this. We are finding out who the true conservatives are. Indy is pathetic.

The regular insurance part of this company is perfectly healthy and would have been sold, so take your ignorant fear-mongering some place else.

It's time to start a business! Private profits and socialized losses! What a country.

the trick is that you have to big enough and irresponsible enough that if you go down, lots of powerful and rich people go down. the govt. won't let you go down.

Having worked for a company whose "regular insurance part" was healthy and went Chapter 11 anyway (Conseco), I'll file your response in the newly expanded "Ignorant Waters comments" warehouse.

and who lost their insurance as a result? that's right, no one did.