jump to content
In the Network: Media Co-op • Dominion   Locals: Halifax • Toronto • Vancouver

In June, the world's most powerful heads of state will gather in Toronto with the purpose of shaping their preferred global order. The Dominion will publish a special issue on the G8 and G20 meetings and protests.

Help us make it happen. Donate today, or sign up to distribute or Find out more....
$8000
Home » Blogs » Geordie's blog

If AIG Goes Down...Yikes!

posted by Geordie about economicseconomyinsuranceCapitalismfinancial crisiscrisis in USA

March 9, 2009

If AIG Goes Down...Yikes!

Fours days before receiving a second bailout to the tune of $30 Billion, AIG issued a confidential internal memo regarding what could happen if the insurance company failed.

Doomsday scenarios included:

  • The potential for cascading failure of US insurance companies
  • The potential that US companies in foreign companies could be permanently lost to nationalization
  • A run on the US dollar
  • Destroy US retirement savings
  • General economic meltdown similar to that of Lehman Brothers

Happy reading!

Post new comment

Log in or create an account to attach a consistent, verifiable name to your comment.
The content of this field is kept private and will not be shown publicly.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Advertisement

Weblogs

Dominion Weblogs compiles the weblogs of Dominion editors and writers. The topics discussed are wide-ranging, but Canadian Foreign Policy, grassroots politics, and independent media are chief among them.

At a time of war, Canada's major media institutions have failed to provide the critical and investigative reporting that is a necessary front of defense to the violence of state-driven military power. As state powers in Canada continue to promote and participate in a war of terror that has taken the lives of untold thousands in Afghanistan, critical and independent media such as the Dominion, rooted in principles of social justice, is a necessity in the face of mainstream media complicity in terror. Support the Dominion; stand for social justice and media democracy.

--Stefan Christoff, independent journalist
more

Receive an email notice when a new issue is online:

User login