How Lou Lucido Let AIG Lose $35 Billion With Goldman Sachs CDOs
The insurer had quit guaranteeing securities tied to U.S. subprime loans in 2005, before lenders got reckless, the head of AIG’s derivatives unit told investors on Dec. 5, 2007, as home prices plummeted and mortgage losses mounted.

It "bailed" then bought fannie/freddie – becoming the largest holder of home loans! Now it is in the works to "bail" insurance co AIG and start sticking its nose in and regulating the insurance industry. So is it right Republicans are socializing the US, also considering McCain wants to socialize healthcare? Sucking all the wealth [...]

Should AIG and other large companies be broken up?

In late 2008, it was announced the insurance conglomerate, AIG was in big financial trouble. High-ranking government and federal reserve officials, such as Paulson and Bernanke said, in effect, the government (i.e. the tax payers) should prevent its colossal collapse by lending it what now amounts to over $100 billion, and by other means of support that were granted.

Should this kind of fiasco be prevented before it ever begins, by breaking up companies that are “too big to fail?” That way, they can be allowed to fail – like Lehman Brothers was. Please answer and comment.
Keep in mind that corporate break-ups are not “Communist” moves. Teddy Roosevelt, a Republican, broke up large companies at the turn of the twentieth century, in order to PRESERVE Capitalism – in case you didn’t know.

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I bought a home 3 years ago using the 0 down program that doesn't exist anymore…anyway, I've come to the end of my originally arranged 3 year term on a 25 yr amortization with a company called xceed here in Ontario. Three years ago xceed did their own mortgage insurance but now are no longer [...]