I don’t know or understand much about all this high finance but with AIG bragging about $26 Billion in reserves “in the commercial unit alone”, why don’t they just borrow from all the great performing units instead of us? In fact, Mr. Doyle sounded so pleased with everything one would think nothing has happened in the last four weeks to raise any flags. Sort of sounds like Mr. Bush’s “mission accomplished” speech………the Iraq war is over isn’t it?
The company assets are being prepared for sale. Of course you are going to hear positive spin about how well they are doing. Do we think they are going to come out and say, “truth is, our retention is plummeting and we aren’t writing any new business?”
They need to try and hold onto their asset value as long as possible so liquidation isn’t diminished (as much).
Do the math, they are having to pay back $1B a month in interest alone. How do they possibly sell enough to pay the loan and interest back? They will have to sell P&C units, if not all of them.
we heard positive news from this beast for the past 10 years. Is there really any rson to have any faith what-soever in anything it says today? Lie to me once, and I believe it, –Shame on you — Lie to me twice Shame on me. I deeply believe the entire bd of directors of this company should all be up on criminal charges starting with High Treason against the American People and in fact the World. But Alas, they will all just continue to laugh all the way to bank at the nations expense. It’s a sad commentary on Capitalism and the “Justice System”.
AIG CURRNET BEST’S RATING IS bbb+ . ANYONE WITH A RATING OF LESS THAN AAA WILL AUTOMATICALLY LOSE A LOT OF BUSINESS. CLIENTS WILL NOT STICK WITH AN INFERIOR COMPANY DURING THESE TOUGH TIMES.
So we let AIG write new business and push the prices down when they have been bailed out by the US or us. AIG now states to us, ” that the other part of our company located down the hall did the improper underwriting, not us”. Oh, and how many times did we see AIG in the paper for lying on thier financials? Now they have to pay the goverment back a average of 10% of thier sales to make up the intrest ,,,,,high over head to me? Guess who they are like US POST OFFICE…..
That liberal media scared the heck out of everybody for no reason! What a relief to hear that everything is rosy. That Kool Aid is delicious. Thanks AIG!
Real Funny, “AIG fighting back” That’s right fighting back with our tax dollars. How unfair is this? Why did we bail out AIG again? And why didn’t we bail out Lehman Brothers? I would assume that the Secretary of Treasury didn’t own 20% of Lehman Brother Shares.
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I don’t know or understand much about all this high finance but with AIG bragging about $26 Billion in reserves “in the commercial unit alone”, why don’t they just borrow from all the great performing units instead of us? In fact, Mr. Doyle sounded so pleased with everything one would think nothing has happened in the last four weeks to raise any flags. Sort of sounds like Mr. Bush’s “mission accomplished” speech………the Iraq war is over isn’t it?
The company assets are being prepared for sale. Of course you are going to hear positive spin about how well they are doing. Do we think they are going to come out and say, “truth is, our retention is plummeting and we aren’t writing any new business?”
They need to try and hold onto their asset value as long as possible so liquidation isn’t diminished (as much).
And sell their P&C business to repay the Fed loan. GIVE US OUR MONEY BACK
Do the math, they are having to pay back $1B a month in interest alone. How do they possibly sell enough to pay the loan and interest back? They will have to sell P&C units, if not all of them.
we heard positive news from this beast for the past 10 years. Is there really any rson to have any faith what-soever in anything it says today? Lie to me once, and I believe it, –Shame on you — Lie to me twice Shame on me. I deeply believe the entire bd of directors of this company should all be up on criminal charges starting with High Treason against the American People and in fact the World. But Alas, they will all just continue to laugh all the way to bank at the nations expense. It’s a sad commentary on Capitalism and the “Justice System”.
AIG CURRNET BEST’S RATING IS bbb+ . ANYONE WITH A RATING OF LESS THAN AAA WILL AUTOMATICALLY LOSE A LOT OF BUSINESS. CLIENTS WILL NOT STICK WITH AN INFERIOR COMPANY DURING THESE TOUGH TIMES.
Best doesn’t use bbb+ and AAA. Those are Standard and Poors’ ratings.
So we let AIG write new business and push the prices down when they have been bailed out by the US or us. AIG now states to us, ” that the other part of our company located down the hall did the improper underwriting, not us”. Oh, and how many times did we see AIG in the paper for lying on thier financials? Now they have to pay the goverment back a average of 10% of thier sales to make up the intrest ,,,,,high over head to me? Guess who they are like US POST OFFICE…..
That liberal media scared the heck out of everybody for no reason! What a relief to hear that everything is rosy. That Kool Aid is delicious. Thanks AIG!
Real Funny, “AIG fighting back” That’s right fighting back with our tax dollars. How unfair is this? Why did we bail out AIG again? And why didn’t we bail out Lehman Brothers? I would assume that the Secretary of Treasury didn’t own 20% of Lehman Brother Shares.