Turbulence In Financial Markets!

Today on Wall Street might not be a good one. Now insurance giant American International Group is struggling with paying out over $100 million to the group that caused their problems. Some say that this group was due over $120 million. But AIG and the real owner, the U.S People are saying take it or leave it. I don’t think these people are due anything, they should’ve fired all of them, contracts or not. Another problem for AIG is that insurance advertising has really picked up on TV, online, and in the streets. Insurance companies are really pushing for our business. This makes for the outcome of the day very hard to predict. Then again who really knows what will happen anymore. The whole financial markets are in a global credit crisis, yes, still today. Think about it for a second, 3 of the 5 biggest investment banks are gone, 2 in one day last year. And now the world’s largest insurance company, AIG will be gone if they don’t turn themselves around soon. The Fed has left the interest rate at zero percent to stabilize the economy.

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This entry was posted on Tuesday, February 2nd, 2010 at 11:16 pm and is filed under Business, Economy, General Info, Investing, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.