Quote:
Originally Posted by kane
The one difference is that that there are multiple people offering that product so they have to have at least somewhat competitive prices in order to attract buyers.
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I could have sworn that when the big govt. bailout took place...the MAIN company that got bailed out was a corporation called AIG
Remember that? AIG.
And we were told by the media that AIG was "too big to fail" because...
They were THE insurance company.
All other insurance companies are under them. Without AIG all the insurance companies would go out of business.
So doesn't that sort of mean that there really is only ONE insurance company and all the ones we buy from are just different branding of the REAL insurance company: AIG?
And if that is not true...then we were lied to during the bailout.
Either they are lying now, or they lied then.