No way, US federal reserve came in to help with a whopping US$85 billion....Thought i read somewhere that AIG needs 80 billion....by giving them 85, does it mean that they have an excess of 5 billion in funds to give bonuses to their employees? hahaha.....ditto
but personally i don' think that this warrant people to throw out their AIA policies, making losses..
Most of these people who have already done so are probably the retirees? If they lose their insurance money, they have nothing left.......anyway from the way i see it, people of the early era like 50s, 60s do not trust banks very much...they'd rather have cold hard cash.....
Then another issue are the rumours that Citibank is very much related to Lehman. Now that Lehman is gone.....rumours has it that Citibank will follow suit...rumours only? but there's no fire without fuel.....i even received SMSes telling me to withdraw all funds from Citibank ASAP.
Thinking about this, i was wondering if we'd max out the citibank cards and if the rumour is true and Citibank goes...We don't need to pay the bills!! Cool!!!
Just wondering what the hell is happening with the US stumbling like the past few months....wonder if Obama and McCain are still interested in becoming the president with such a pile of financial rubble to clean up.....
Fact will figure itself......we'll just have to wait.......
but personally i don' think that this warrant people to throw out their AIA policies, making losses..
Most of these people who have already done so are probably the retirees? If they lose their insurance money, they have nothing left.......anyway from the way i see it, people of the early era like 50s, 60s do not trust banks very much...they'd rather have cold hard cash.....
Then another issue are the rumours that Citibank is very much related to Lehman. Now that Lehman is gone.....rumours has it that Citibank will follow suit...rumours only? but there's no fire without fuel.....i even received SMSes telling me to withdraw all funds from Citibank ASAP.
Thinking about this, i was wondering if we'd max out the citibank cards and if the rumour is true and Citibank goes...We don't need to pay the bills!! Cool!!!
Just wondering what the hell is happening with the US stumbling like the past few months....wonder if Obama and McCain are still interested in becoming the president with such a pile of financial rubble to clean up.....
Fact will figure itself......we'll just have to wait.......
