Who Insured AIG?
I asked myself this question -- when AIG, the world's largest insurance and financial company, began to sink, lately. Its losses were so colossal in size, it took the government of the 'wealthiest' nation in the world to 'bail' it out ... Yes, 'bail' it out through billions of dollars worth 'soft' loans. But, could any 'power' on this earth 'insure' AIG? Could any one foresee its doom? Could any one 'protect' it from such a disaster, or save it from plunging into such an abyss? Yesterday's newspapers report about Mr. Lakshmi Mittal's monstrous 'wipe out' of wealth due to collapse of Stock Market. It is close to twenty-billion pounds! Yes, only so much ... and, that too, till that report was printed! Today, the Stock-market report was even more shocking and scary. I just asked to myself: "What about Mr. Mittal?" "He is 'Super rich' ... so rich that, these things wouldn't make a lot of ...