One solitary hurricane strike on the U.S. will be enough to torpedo AIG. But wait, won't the Federal Government simply finance another bailout by covering all insured losses. That would be plausible if any more money could be printed. Have you noticed the Stimulus is only being handed out to the tune of a few billion dollars per week? Those On High, who are smarter than the rest of us, know we are adding debt at the maximum sustainable rate. Any immediate payout of several billions of dollars would collapse the dollar. Of course, I am not a complete pessimist. We could all be spared the agony of a prolonged Depression if a giant asteroid hits the Earth.
