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Old 22nd Sep 2008, 19:28
  #91 (permalink)  
KAG
 
Join Date: Oct 2007
Location: France
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Albatross01,

I only meant on my previous post that AIG will survive. That' s a fact. The NYSE concerning AIG rose at 5 $ today, against 2 $ few days ago. Thats still very low if you compare with the AIG NYSE begining of 2008, but still thats a 150% increase in few days.

Now it wasn' t meant to be an analogy (profound or not) with any company.

It was just a remark on AIG, I ve just emphasized that the FED and the bush administration won' t let AIG down. They won' t do the same mistake they did in 1929, but at that time the federal governement were only in charge of 10% of the US GDP, and now they deal with 40%, it makes a huge difference, and gives the governement and the FED the ability to react.

The funny thing is that the bush administration is an adam smith theory follower, which says not to interfere with the economy... Now Bush seems to apply the Keynes theories, wich is more a social and european model.

Cheers, King Air Guy.
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