Tuesday, September 16, 2008

Congratulations!

You just bought yourself the world's biggest insurance company, for what it's worth.

Actually, that's the problem. It's probably worth quite a bit less than nothing, so you and I will have to pay up.

We really should have been more careful with our money - or at least had some insurance against a rainy day.

The problem, it seems, was that AIG needed $90 billion, but didn't have any collateral. Oddly enough, I have the same problem, though I might be able to make do with twenty.