🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Dinakar

Nobody • 1y

And the housing market fell. The people who should not have gotten the loan in the first place were not able to repay the loan as the amount was increased. But at the end of the day these CDOs were insured right? Yes, but AIG became too greedy and they did not have enough funds to cover the costs of the bearers. AIG was deemed too big to fail as it was one of the biggest insurance companies and almost every other big banks and insurance companies had their policies, so if they failed, the global economy would have been doomed. So the government bailed them out by giving a massive cash loan to pay out these credit default swaps.

0 replies2 likes
1

More like this

Recommendations from Medial

Image Description
Image Description

Dinakar

Nobody • 1y

The 2008 financial crisis - During the late 1990s, America was getting a huge inflow of foreign funds from Russia and many Asian countries. American banks naturally didn't want the money just lying around earning no interest, so they made it easier

See More
8 replies14 likes
2
Image Description

Rajan Paswan

Honorary Mentions - ... • 1y

What do you believe isn't currently covered by insurance but has the potential to be insured? List down any and every such thing that comes to your mind.

2 replies4 likes
Image Description
Image Description

Samanth Shetty

Building Sculpt Nest... • 4m

Have you guy's ever claimed health insurance ? If yes lemme know how was your experience and how did it go through. What were the process how much time did it take etc.....

12 replies13 likes

amit nagar

धाकड़ • 6m

I provide 29 such services through my website, such as loan, credit card, stock market, insurance. I also need investment with the developer. connect now dhakadtred@gmail.com

0 replies2 likes
Image Description

Armaan Nath

Startups | Product • 6m

While we were interacting here, the team was planning something else 🍺

1 replies5 likes
Image Description
Image Description

Aman meshram

Finding business gap... • 10m

When pics were personal, the life was great When pics are public (social media), the life is sad

2 replies2 likes

Mahendra Lochhab

Content creator • 9m

India's agricultural exports in 2022-2023 were $53.1 billion, which was 11.8% of the country's total merchandise exports.

0 replies4 likes
Image Description

Harshit Pal

Passionate Entrepren... • 12d

What if it fails? That one question kills more dreams in India than failure ever could. But what if… we insured the dreamer? Imagine a world where founders get a safety net insurance that covers their personal risk, gives them a soft landing if the

See More
1 replies12 likes
1

Download the medial app to read full posts, comements and news.