AIG is in trouble

First AIG asks for 85 billion, then it asks for 37.9 billion, now the hand is out again for an additional 10 billion. It seems to me that all is not well, with the world's largest insurance company. As I told one and all before, the economy is crashing.

It is not just banks that are falling, insurance companies are falling. I predict that GM will go under in the future, it has lost money year after year. For example, last year it lost 39 billion, and this years sales are down from olast year, I predict that sales will be even worse in 2009 as we go deeper into depression.

The mortage meltdown led to a bank meltdown, now and insurance meltdown.