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Archive for September 23rd, 2008
Sep
23
It is a shocking news when I see in the paper about the financial situation of AIG. There are many concerns especially the insurance policy holders about their investment and insurance.
Many lost confidence in the big company with their ability to survive in the future. With over 3 quarter of losses, it is estimated that they might suffer more losses.
It is good to hear that U.S. government took control of AIG in an $85 billion bailout to prevent the bankruptcy of the nation’s biggest insurer and the worst financial collapse in history.
Well, let’s just hope that it will all be better again soon.