Tuesday, September 16, 2008

Stock Market

http://money.cnn.com/2008/09/16/news/companies/AIG/index.htm?cnn=yes
Fed in AIG rescue - $85B loan
Government response reaches dramatic new level: U.S. will take 80% stake in nation's largest insurer to prevent global financial chaos.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: September 16, 2008: 11:16 PM EDT


Summary:
Basically AIG filed for bankruptcy and the government gave them an $85Billion loan to rescue the company.

Connection:
This article has something to do with the current stock market and how it goes up and down. I see this as the company falling dramatically and the government steps in to do something about it because they feel as if this company is important and that if there was no taken action that it might do some damage to the economy.

Advice to Government:
I feel that they should actually be taking action and i feel that they are in the right path. The government should maybe raise the value of money so that our own country's economy would maybe boost. I feel as if all this responsibility lies on the government and they should do what it takes to actually help our country so that another Great Depression is being stopped from happening.

No comments: