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**goldcigarettes** · 09-17-2008, 08:34 PM

AC360 had a few on the other night that were also talking about it.

The one woman on there was saying something along the line of these financial intitutions, non-liquid banks and moneyhouses, are not needed as much as cmopared to something like AIG.

I forget the exact terminology she used (sorry) but the gist was, a buisness whose sole purpose was to make money by handling money is not as big a loss as an international insurance agency with, essentially, a stable income base (outside of its stock positions, that is).

09-17-2008, 08:34 PM	#42
goldcigarettes Join Date Oct 2005 Posts 516 Senior Member	AC360 had a few on the other night that were also talking about it. The one woman on there was saying something along the line of these financial intitutions, non-liquid banks and moneyhouses, are not needed as much as cmopared to something like AIG. I forget the exact terminology she used (sorry) but the gist was, a buisness whose sole purpose was to make money by handling money is not as big a loss as an international insurance agency with, essentially, a stable income base (outside of its stock positions, that is).
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