the biggest insurer in the world lost billions

It will get a lot worse before it turns around. AIG is a real piece of work. They already got one bailout and are begging for more. The $62-biooiion they lost was AFTER the first bailout. The rest of the world is also begging b ecause AIG is the largest moltinational in the world. I think the U.S. Government needs to cut their losses and cut insurance companies loose.

It is getting out of hand and how in the world can they loose that much money they aint taking care of it thts for sure and if government does again that means the tax payers have to pay it back in the long run!

I do not think that giving out all this money to help big businesses is going to help our economy. A lot of company big shots have botten fat bonuses from our stimulus money and the economy has only gotten worse. If we are going to help the economy, we need to find ways to help the average person on the street, the people who are struggling to find a job and to pay the bills.

Its not over yet. I think we will see companies closing and we are only at the beginning of this turmoil.

This global recession may have gone worse the past few months but I believe that in the last quarter of this month, this will start to be okey. that's what some of the financial analyst say and I agree with them. People nowadays are knowledgable on what to do next.

No the Government should not bail them out. I have TARP fund reports that support this. There is no reason for us to bail out the big 3 or any of the Banks, we should have that money building schools, creating jobs, and giving back education to the people, not the people on the hill or Wally world when it plumits. Ainge

I think, bearing in mind another of your discussions, that relief funds would be better used to help combat the economical crisis within one's own country. The fact is, that all government relief funds are built on taxes collected from that particular country's population, so I feel, it should be given back in times of economic crises. Brightest Blessings, my friend.

I actually believe it will get worse before it gets better. I think every single person in America has to hit bottom or close to it before things gets better. This economy stinks, and I'm reading that things are going to be taxed even more. People won't be able to afford a loaf of bread at the rate our economy is going. I'm amazed they are just calling it a recession, it feels more like a depression, because each day more and more people are having to go to food banks and the unemployment lines. I pray that people don't jump out of windows over this, because like everything it will get better. This will make us stronger. With this bail out thing, I was very upset under Bush, that these companies took the bail out and still kept going like nothing was wrong. Finally with Obama, there is guide lines and rules that has to be met. Plus, the ones getting the money has to show every little detail of where the money is going. I honestly don't think people that went out and got a house knowingly that they wouldn't be able to afford the payments should get help. When we got our home, we were stupid, I admit. First time buyer, easily talked into anything. Well, after 2 years, we learned we got sucked into what a lot of Americans did. Only thing like a few Americans, we were able to refinance and get the right loan we needed. We didn't buy a house in the get go that we couldn't afford. A lot of these companies need to find ways of dealing with this problem than asking for help. Plus I think the American tax payer should have say so on how we are going to be paying for this bail out, than leaving us in the dark. Because this is a problem that my great grandchildren are going to be paying for. Ugh, just talking about this is depressing. I wonder if clearing everyone's debt, getting rid of credit cards, not being able to buy on credit, unless it's required to get a loan like home or car would this solve the problem. Bringing our troops home would solve a lot of our money issues. Especially with all those private companies over there for no reasons at all.

No I dont think that any more money should be given to AIG, aren't they the ones that when given their first bailout took their teams to Calif to a special holiday stay at a fancy health club, they was not made to pay back the money that they spent on this holiday to Calif. This to me was a slap in the face to the american people that is paying for these bailouts. I do believe that we will go into a depression as bad, if not worst than the last one. I think that is where he is leading us and he will not stop. I have watched Fox News lately and not one person that has been on there has anything they see good coming out of this package he has signed and it is full of earmarks, that he said you would not find in any bills that he passes. I think when we expect that the government is interested in helping that is when we get into trouble, I don't believe the government is in this to help the people, but only to do what suits them at the time, and their ideas will take us down.

NO! NO! NO! STOP the bail outs! Let the cream rise to the top! Yes...the depression is going to get a lot worse...before we shake ourselves out of the ashes of the firestorm that one & all has contributed to! Their are companies, businesses that are healthy during this time, like the Canadian banks....or how about Coke posting a 3 billion gain in the last quarter? All the top heavy (CEO) with million dollar earnings will have to re-organize, re-shuffle and stop biting the hand that feeds them! It's been a gravy-train for tooooooo long! Cheers!

Canada's banking system is #1 in the world. Not one of Canada's banks has lost money and none have had to be bailed out. In fact most of them are still making money in this time of financial crises. Canadians should be proud of their Financial System, and the world should be taking Notes, as well.

im not sure they/we should as behind it all we are the government that puts money in for this. everyone is going down with money, but big companies dont see it until to late. they dont care to tighten their belts as the saying goes stop giving out big bonuses, etc.everyone else tightened up with money. some people and companies need to learn how.

Aig lost billions and is being given billions of tax payers money but i think it is going to go waste unless they mend themselves. They gave billions away in debts knowing fully well it is very risky debt but they still did and whole world have to pay for it. So unless they stop financing bad loans and are very careful this would happen again.

Actually there is another angle that nobody really considers carefully. Think about it, money doesn't just disappear into the air. When someone loses money, another person will gain. So AIG lost over $62 billions dollars, where had all the money gone? As long as whoever holds cash and willing to invest again, the economy will recover soon

It's hard to say. The whole thing has gotten so crazy, I'm not sure anymore. I got something in the mail from AIG the other day, wanting my husband and I to sign on with them. We both agreed that they must be kidding. Why would we want to do business with a company that's going down the drain?

The even sadder thing about this is instead of firing those responsible for not running the company properly they gave them huge bonuses. Paid for by the government, which is actually paid by all of us who pay taxes. All of this nonsense has got to stop an someone has got to come up with some real solutions or we are all going to be in big trouble.

AIG should go banctrupt like all failing businesses. there is a reason why they are losing money. all these big companies are paying these CEOs big money for nothing. in 1965 CEOs made 24 times what the average worker made. in 1995 CEOs made 60 times what the average worker made. now CEOs make 431 times what the average worker make. what needs to happen is these companies that can't keep their CEOs hands out of the cookie jar should go under and let another company start where they left off. it would keep these companies in check, instead of bailing them all out.

i'm from the philippines and i have no idea about AIG but you know, there is one thing i'm sure of. the moment we all feel it's only worse it's still bound to get worst. then that's the time when better is bound to take its course. it's cyclical. everything in this world is. rich, manipulative people who are benefitting now cannot do this for a long time. they're bound to reverse things or they, themselves, would suffer one way or another. besides, fate has a way of correcting things. about the great depression, yes, maybe...jumping out of windows? i'm not really sure... i think if many are feeling the brunt of economic depression governments around the world is one of them. what governments should do is not spend anymore on what it doesn't really have. they should try to find ways to correct things that had been wrong for a long time that they chose to ignore. that's why we're all suffering.