Everyone understands that the insurance giant AIG had an unbelievable fall that few people actually believed that was coming, even yet in the insurance industry but there were many indicators that were there for company representatives as well as employees but they decided never to listen.According to the House select committee on oversight which did research on AIG?s drop the writing was on the wall. Specialists have informed them five months ahead of time that they?re was something bad going on in their books but AIG?s officers apparently did not spend much mind to it. It looks in my experience that AIG?s professionals did the same task that many Internet stock organizations did before the collapse the stock market in the year 2000. I think that these problems could be solved in the foreseeable future if our government set more stringent laws and oversight set up to make sure that AIG?s top brass invested their side money correctly and maybe not into very risky investments like commodities, power and currencies. I mean yes, this part of their company was working magnificently for a good amount of time but this gravy train was destined to get small and come to an end of gas. When AIG would have focused nearly all of its time and energy in to focusing on its core business which was insurance then its core business would have never left itself available because of this crash. That crash produced the Enron crash seem like per day in the park. All of the left its primary business spacious for a knockout punch.This all extends back to oversight and came into being as a result of the greed of its top brass which will make all of those risky investments. The Bush administration relaxed a lot of the regulatory factors on Wall street and several companies took advantage of this. Ideally leader elect may learn from the major mistake that the bush administration made on oversight within the business and investment methods of these top executives and force these businesses to really make the top CEO?s work for its traders rather than for their particular pocket books. This time sure better maybe not happen again, now while i preferred the bailout this time around. Trick me 3 times, disgrace on me. It?s as much as us, the Americans to ensure that things such as this don?t occur again by creating our voices heard by sending our congress and through protests.
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