Why AIG Matters

Congratulations! We've purchased the world's largest Insurance Company - American International Group [A.I.G.]. Now all of our savings, retirement and financial futures are in peril.

What Happened?

In 1929 the Stock Market crashed. The Great Depression followed. The Great Depression caused the New Deal to be signed into Law. The New Deal had provisions that kept Banks and Insurance Companies from creating havoc in Financial Markets.

In 2000, the Commodity Futures Modernization Act [CFMA] removed the barriers that kept Insurance Companies from acting like Investment Banks. 8 years later, the result is threatening and uncertain.

The Threat

To make it real, think about your auto insurance. You have medical coverage on your policy. Because of this you know that your policy will cover your Medical bills, if you are ever in an accident and are hospitalized (Heaven forbid :). But what would happen if your Insurance policy couldn't pay the bills Medical bills covered in your policy?

If A.I.G. fell we'd have a catastrophic financial problem.

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