And I was going to switch to AIG...

[StorkNest]

...for my car insurance.
http://ap.google.com/article/ALeqM5iKbVJGbpPur3QnBay3UKERI2J1SAD9412F701
(had a Washington Post link but it refuses to work, can be found with a search engine)
I keep seeing about five cities listed (Chicago, Los Angeles, Atlanta, San franciso, Washington D.C.) so that leaves 26 other places unknown?

 

[Tokkyu40]

I'm sorry, but that sounds a little stupid. Have the transit agencies been behind in ther payments?
If the payments are current, then the loss of AIG insurance on the deal doesn't affect the validity ofthe investment. demanding all the money up front could result in bankruptcies that collapse the deal, where honoring the deal gets steady payments rolling in when the bank really needs them.
Because they're afraid of losing a little in the future, the banks risk losing everything this year.
And once again, panic reigns triumphant over the financial markets.

Claude