Oks...now the whole world is crazy and panicky over the fall of major Wall-Streets giants as well as the nationalization of AIG. Hoho...and singaporeans getting scared about AIA( which is a subsidiary of AIG) is going to fall...Of course my heart goes out to the peeps whoa being retrenched due to the collapse of Lehmahn Bank as well as the possible lay off about 60,000 employees of Merril Lynch. However, from this so-called major financial catastrophe..oks...its quite major...some how I found it to be a very interesting case study to learn about it and how when regulations goes wrong and greed sets in, the whole foundations of a financial sector can be shaken. There had been a couple of detractors especially in USA about Mr Paulson decision to use public funds to save the various companyies involved, but given the similar position in Japan during the early 1990s, USA cannot afford to not use public funds to save it. There can be major repercussions in the global economy should AIG fall for example...anw from what I had read in the papers, its not really a total write down of money but the companies had to repay the government in a given time period. Anw I think the main question will be see what the federal reserve and the government is going to handle this situation in the upcoming weeks and how long the US economy is going to be bearish. According to my fren's fren who had done tons of research into the history as well as techicals of the sector, he predicted a whooping 10 year bear run!!! which is like..woah..damn long..anw now this situation as cause a huge influx of Asian investments in the USA. How ironic that now in a way Asians are saving the western economy whereas there are still some ra**** issues going on in the land of capitalism=p