Quote:
Originally Posted by The_Jazz
The bailout had to happen. If it hadn't, approximately 50% of the US airline fleet would have been grounded since the owners of the planes require the hull insurance to be rated "A" or better by AM Best (the standard insurance rating service). If AIG had declared bankruptcy, none of those planes could have flown since AIG writes roughly 50% of that business. That's not to count all the other corporate business that AIG writes that have similar covenants.
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Thanks for the enlightening information. Good thing we have you here, cause the news networks sure aren't doing their fucking jobs.
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"Musicians are the carriers and communicators of spirit in the most immediate sense." - Kurt Elling
Last edited by SecretMethod70; 03-21-2009 at 02:53 AM..
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