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A Perfect Storm:- Meltdown

Brace your self; the financial markets are about to face a meltdown, aided in part by Ike.

While we were all looking at McCain making a fool of him self on The View American International Group (AIG) lost over 30 percent of its value today!  For those of you who don’t know who AIG is, they are the largest property casualty insurance carrier in the world, $800 Billion in assets (that must now be only $500 billion).  The reason for AIG crashing is simple, the sub prime mess.  The same thing that has been dragging down Fannie and Freddie.  

Link to ticker:
http://finance.yahoo.com/...


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