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Old 10-01-2013, 10:49 PM  
InfoGuy
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Join Date: Apr 2010
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Quote:
Originally Posted by Robbie View Post
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.
AIG has a large reinsurance business. In other words, they insure other insurance companies.
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