AIG bankruptcy
Some 2-3 years ago, an insurance agent from AIG came to me to convince me to make a life insurance. He bla bla’s about how beautiful is the service… After he finishes the presentation in a glorious light, to turns to me and ask me what do I think.
I asked him: “What will happen if AIG will go bankrupt? My bank deposits are guaranteed by state, but money invested in an insurance company are invested in stocks, that are very fluctuate”.
The agent reply, self-sufficient: ” Haha. AIG will never go bankrupt. Is impossible. Is the biggest company.”
Now I have this satisfaction that my question is correct. And imagine that AIG is in shit now WITHOUT a major claiming problem. Imagine that they would had to pay for WTC events now, when they said that have a hundreds of billions of dollars hole.
Well, AIG will not go bankrupt. Because they will not let them happen. If they do, the whole financial system will crush like a pack of cards…
Our economy is so fragile. Dammit
