http://www.dominionpaper.ca/taxonomy/term/2146/0 en http://www.dominionpaper.ca/weblogs/geordie/2535 <p>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.</p> <p>Doomsday scenarios included: </p> <ul> <li>The potential for cascading failure of US insurance companies</li> <li>The potential that US companies in foreign companies could be permanently lost to nationalization</li> <li>A run on the US dollar</li> <li>Destroy US retirement savings</li> <li>General economic meltdown similar to that of Lehman Brothers</li> </ul> <p>Happy reading!</p> <p><a href="http://www.dominionpaper.ca/weblogs/geordie/2535" target="_blank">read more</a></p> http://www.dominionpaper.ca/weblogs/geordie/2535#comments Capitalism crisis economics economy financial crisis insurance USA Mon, 09 Mar 2009 23:48:25 +0000 Geordie 2535 at http://www.dominionpaper.ca