AIG Is The Largest Monopoly In Human History!

[WeDidIt]

Time to break it into itsy bitsy pieces.

[WannaJumpMyScooter]

1. biggest in history?

bigger than the Catholic Church in the Middle Ages?

bigger than Rome?

bigger than Standard Oil?

bigger than Microsoft?

[WeDidIt]

2. Any of those could fail

and the economy would keep on crankin'.

If AIG fails, the economic world ends.

By the simple virtue of AIG having its fingers in every pie, AIG is the largest monopoly in history.

[WannaJumpMyScooter]

3. uh, the Roman Empire falling led

to 500 years of chaos... I don't think AIG can do that

[WeDidIt]

4. Uh, that was localized chaos

Areas outside Europe were fine.

AIG chaos would be global.

[thevoiceofreason]

5. I hate those jerks

They have screwed up more good lawsuit settlements with their "terms" than anyone else (they refuse to fund the settlement for 105 days at least - that way, they can play the float on the money committed to pay and make a little extra. I have had more than one reasonable settlement fall through, exposing my client (the insured) to much greater liability. Of course, in Texas, the Texas Supreme Court is so far bought off by the insurance companies that it would never dare rule against them.

[Uzybone]

6. You dont need hyperbole to make a good point

The Catholic Church in the dark to middle ages was a far larger monopoly.

[WeDidIt]

8. No, it wasn't

It didn't have its fingers into everything worldwide.

[PBS Poll-435]

7. I assume it will be

The US Gov't owns 80% of it. I highly doubt they are going to let AIG back out into the wild without massive changes.