[ams6110]

Going into bankruptcy does not mean going out of business, at least not immediately. It basically just lets you put your debts "on hold" while you either reorganize or wind down under court supervision. Gives everyone time to take a breath and think rationally. Sounds pretty good in comparison to what happened?

[Rod]

I have read articles written by so-called "experts" explaining clearly and forcefully why we should let AIG go bankrupt. Then I have read articles written by other "experts" who claim the opposite, also in a convincing manner. When experts look at the same problem and draw entirely different conclusions, then:

i) their own interests are clouding their judgement.

ii) they don't all have the same data.

iii) their "expertise" is greatly overrated.

In the last few months there has been so much irrationality and lack of transparency, that I now truly find it hard to believe anything I read on this topic.