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How AIG fell apart

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posted on Sep, 19 2008 @ 04:30 PM
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How AIG fell apart


www.reuters.com

In short, banks all over the world are instantly worth less money. The numbers seem to be quite huge-possibly in the hundreds of billions. To cover that instantaneous loss, banks will lend out less money. That means other banks can't borrow to pay this new cost, and weaker banks might not have enough; they'll collapse. That will further shrink the global pool of money.
(visit the link for the full news article)

Mod Edit: Breaking News Forum Submission Guidelines – Please Review This Link.



[edit on 19/9/2008 by Mirthful Me]




posted on Sep, 19 2008 @ 04:30 PM
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You know it wouldn't hurt anyone to review any financial advice right now. Its true what they say. "The more you know"



www.reuters.com
(visit the link for the full news article)

Mod Edit: Breaking News Forum Submission Guidelines – Please Review This Link.




[edit on 19/9/2008 by Mirthful Me]



 
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