gawguy Posted September 16, 2008 Report Share Posted September 16, 2008 So now we've seen the collapse of just about every type of investment in the USA. Cash, stocks, real estate and AIG Insurance is pending collapse. What is to keep a HUGE company like Fidelity from going under. If it does, are there protections for owners of mutual funds bought and held with them? Gaw Guy Link to comment Share on other sites More sharing options...
teddy Posted September 16, 2008 Report Share Posted September 16, 2008 Companies like Fidelity only deal in mutual funds, brokerage services, and life insurance etc. So, if they lose money, it is only your money they are losing. I can't therefore see how they could be under any threat at the moment. Merrill Lynch do the same thing but they are also an investment bank so it would have been interesting to see what would have happened to their mutual funds if they had gone bust. Link to comment Share on other sites More sharing options...
Mentors Posted September 16, 2008 Report Share Posted September 16, 2008 my wife in Thailand has a AIG health insurence. my naive question; should she doing something? (soon she must pay her yearly amount again). Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted September 16, 2008 Report Share Posted September 16, 2008 I'd start shopping elsewhere. And soon! Even if the policies must overlap for a month or so. HH Link to comment Share on other sites More sharing options...
elef Posted September 16, 2008 Report Share Posted September 16, 2008 Depending on which sort of insurance - if it has a value or not. Also if she can get a new insurance in an other insurance company. Link to comment Share on other sites More sharing options...
Mentors Posted September 16, 2008 Report Share Posted September 16, 2008 HH + elef thank you for your fast feedback :thumbup: Link to comment Share on other sites More sharing options...
Torneyboy Posted September 16, 2008 Report Share Posted September 16, 2008 Buy a new one asap...imo Link to comment Share on other sites More sharing options...
Mentors Posted September 16, 2008 Report Share Posted September 16, 2008 (...) Meanwhile, American International Assurance (AIA), a wholly owned subsidiary of AIG and the largest insurer in Thailand, has brushed aside any concerns over its US parent's financial stability. A company spokeswoman said AIA was controlled under Thai laws and regulations :smirk: , and had the industry's largest insurance reserves at 271.814 billion baht as of Dec 31. Total assets were 380.3 billion baht at the end of 2007. As of June, AIG had consolidated assets of US$1.05 trillion and shareholders' equity worth $78.09 billion. http://www.bangkokpost.com/160908_Business/16Sep2008_biz29.php Link to comment Share on other sites More sharing options...
cavanami Posted September 16, 2008 Report Share Posted September 16, 2008 >Meanwhile, American International Assurance (AIA), a wholly owned subsidiary of AIG and the largest insurer in Thailand, has brushed aside any concerns over its US parent's financial stability... Didn't Enron say the same thing? Link to comment Share on other sites More sharing options...
teddy Posted September 16, 2008 Report Share Posted September 16, 2008 Just watching CNBC, ask/bid price just dived, I mean dived with a capital D. Someone knows something is about to happen. Link to comment Share on other sites More sharing options...
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