Quote:
Originally Posted by ben45750
Quote:
Originally Posted by Double L
All I know about AIG is that they're an insurance company.
They do a little more than just insurance.
They do a lot more than just insurance. They aren't State Farm. :lol: They are the 18th biggest company in the world.
What we are seeing right now isn't all that different than the dot com boom of the 90's. Those who knew, got in early. Everyone else followed suit. When those who knew started getting out, everyone else saw it too late and panicked. Those who knew, got into commodities (oil, gold, etc.) and real estate. Everyone else followed suit. Those who knew pulled out. Now, everone else is following suit. The government and the banks made it easy for everyone to get in by making it easy to get money. Everyone just assumed it would last forever. They thought the same thing about the dot com boom. Heck - Clinton built an entire surplus around it.
History is simply repeating itself over and over again. Those who know, will go into something else, and everyone will follow suit eventually. After they are finished whining about how they lost everything, of course. Just like the dot com bust.