Company is the largest Insurance company in the world. International presence to take advantage of global expansion and US economic decline. Ballance sheet taking a beating but if not much more bad news. This could be a great long term value investment trading today at around 52 week low and P/E of around 7. If earnings improve this could be a future solid investment. Warren Buffet bought National Indemnity and Geico on brink of collapse. Here is a Company who can weather a major storm and come out fine.
A guy pretty much single handedly looses 900,000,000 for his company and he gets to resign and become a high priced consultant? I wish my boss would let me do that. Gotta love these blue bloods. Based on that decision alone I would never invest in AIG stock.
Last week the people from Gen Re and the guy from AIG were found guilty for AIG failing to account for their transaction properly. NO ONE lost any money in the deal. NOW, AIG mis values potential short fall by 4BILLION and only the head of the area loses his job and gains freedom from having to deal with the day to day hair raising ride but will still get paid to tell them how it is going.
WHERE IS THE JUSTICE!
If the AG wants to show business people they can’t mess around with other peoples money seems like they are barking up the wrong tree.
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Remember “What Color is your Parachute”? I sure as heck didn’t even have one!! No sympathy here.
“super senior credit default swap portfolio”
say that three times quickly!
Company is the largest Insurance company in the world. International presence to take advantage of global expansion and US economic decline. Ballance sheet taking a beating but if not much more bad news. This could be a great long term value investment trading today at around 52 week low and P/E of around 7. If earnings improve this could be a future solid investment. Warren Buffet bought National Indemnity and Geico on brink of collapse. Here is a Company who can weather a major storm and come out fine.
how about “Help me Hank!”
DO YOU THINK “HANK” HAS ALREADY “HELPED” AIG ENOUGH?
A guy pretty much single handedly looses 900,000,000 for his company and he gets to resign and become a high priced consultant? I wish my boss would let me do that. Gotta love these blue bloods. Based on that decision alone I would never invest in AIG stock.
YEAH—WOULDN’T YOU LOVE A DEAL LIKE THAT? I’D TAKE THE CONSULTANT JOB BASED ON A COMMISSION—A PERCENTAGE OF HOW MUCH I COULD LOSE IN THE FUTURE!
Last week the people from Gen Re and the guy from AIG were found guilty for AIG failing to account for their transaction properly. NO ONE lost any money in the deal. NOW, AIG mis values potential short fall by 4BILLION and only the head of the area loses his job and gains freedom from having to deal with the day to day hair raising ride but will still get paid to tell them how it is going.
WHERE IS THE JUSTICE!
If the AG wants to show business people they can’t mess around with other peoples money seems like they are barking up the wrong tree.
Bunch of shady operators. I’m so glad I left that cesspool I don’t even care about my stock.