--- In FairfieldLife@yahoogroups.com, Peter <[EMAIL PROTECTED]> wrote: > > Reverse auction: Keep on lowering the price until its bought. Somebody will buy it, but not at anywhere close to its original value. > >
AIG is solvent and a good portion of its business has value. For example, the insurance part of its business is doing fine. That is why the bailout of AIG will probably work. It will be able to sell off the good stuff over the next two years. Lehman, in contrast, was insolvent. A bailout made no sense whatsoever.
