Where were the credit rating agencies while AIG was speeding toward a crash? NOW they are getting around to downgrading the company? Talk about parking ambulances at the bottom of the cliff instead of building a fence at the top. This doesn’t look like they are ‘independant’ voices we can depend on to monitor the financials of these companies.
A great plan. Bail them out with the promise that they will sell their assets and pay us back. Then ignore them, waiting for S&P to downgrade them- forcing AIG to sell their assets for less than they could have gotten. Here’s a plan. Force AIG to sell their “core” assets. Make them sell the Lexington, for example.
I’m sure that they haven’t sold assets because everybody’s waiting for them to get desperate and drop the prices – just like they are doing with their renewals these days. Tick…tick…tick…
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Where were the credit rating agencies while AIG was speeding toward a crash? NOW they are getting around to downgrading the company? Talk about parking ambulances at the bottom of the cliff instead of building a fence at the top. This doesn’t look like they are ‘independant’ voices we can depend on to monitor the financials of these companies.
DUH – Really? Stick a fork in this. They’re done.
A great plan. Bail them out with the promise that they will sell their assets and pay us back. Then ignore them, waiting for S&P to downgrade them- forcing AIG to sell their assets for less than they could have gotten. Here’s a plan. Force AIG to sell their “core” assets. Make them sell the Lexington, for example.
I’m sure that they haven’t sold assets because everybody’s waiting for them to get desperate and drop the prices – just like they are doing with their renewals these days. Tick…tick…tick…