Released on: September 24, 2008, 1:32 am

Press Release Author: Peter Brice

Industry: Financial

Press Release Summary: First Prime Group – AIG’s bankruptcy may have destroyed world
financial system.

Press Release Body: First Prime Group is reportedly convinced that the Federal
Reserve’s bailout of US insurance giant AIG has saved the global financial system
from certain meltdown.

Sources close to First Prime Group said the Asian-based wealth management group
believes that although the turbulence in markets is likely to subside in the coming
days, it is still urging investors to exercise caution.

The Fed has agreed to lend AIG $85 billion over 24 months in return for 80% of the
company. The unnamed First Prime Group source said that the US banking system has
cost the US taxpayer $400 billion in the last 10 days if the Freddie Mac and Fannie
Mae bailouts are included.

First Prime Group, who advocate value-based, long-term investing, are according to
reports, acquiring distressed stocks that have been sold by institutional investors
to meet obligations in other markets.


Web Site: http://http://www.firstprimegroup.net

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