There goes civilisation...

just seen AIG has just been saved from the slaughter, according to the beeb "Authorities are hoping the bail-out will avert the threat of a global financial meltdown.", but if meltdown is anything like it is in the simpsons it sounds kinda fun.

This is exactly what I was talking about earlier in this thread, I had however hoped that not bailing out Lehmann Bros signalled the end of this protectionist policy. That was a bit foolish I guess, all it took was for another entrenched financial organisation to almost bite the dust. Banks are one thing, but insurance providers going bust? More so the world's largest. Imagine everyone under policy with AIG suffering. 12 million in the UK alone.

I wonder who's decision it was to bail out AIG but not Lehmann? Understandable but still a mahoosive decision. I wanna weild that kind of power, id use it for good. programmes like new bike day.