Enough already. This is the third strike! These guys have a proven track record of lying to just about everyone this side of the moon. It’s time for everyone to just let them go. If taxpayers “save” them this time, you know we will see them again this year “asking” for another “bailout”.
My father taught me many things over the years, probably the most impotant two were: 1. when the boat is sinking do not try to save the anchor! 2. Never by a wallet on credit. I suppose AIG thinks “as long as we get free money everytime we ask,,, why change our mode of operation?”. Businesses are like people, regardless of opportunity some will fail, it is called survival of the fittest. Without the ability to fail there is no need to excel.
While I don’t agree with the repeated salvation of this company the handouts will continue. Those with power both in business and government have to much invested in personal wealth (AIG shares) to let this go. AIG covers risks for the wealthy that a responsible carrier will not insure..it will not be allowed to go under. Sad day for the middle class tax payer.
Rating: A (Excellent)
Financial Size Category: XV ($2 Billion or greater)
Hey, If AM Best said it, you can take it to the bank. Wait??
Which bank? Oh yeah, Wachovia.
I think..
or was it Washington Mutual??
Sit back and watch it fall,
plant a garden near the wall:
beans will sprout,
and you can eat:
“market average” you will beat
and then will wonder ’bout
the dream
of riches.
This is awful…”we just lost another 60 billion. Can we have a little bit more???” Go bankrupt. And do it quick. Maybe we’ll have some stabilization of one industry in the US.
Hello taxpayers…its me…Mr. Liddy again. We’re gonna need you to go ahead and loan us another $40b or so. I know we messed up and lied but don’t hold it against us. Just give us another $40b and we swear we’ll spend it wisely this time….maybe even tell you what we’re using it for. Ok maybe we won’t use it wisely and we’ll likely be back for more. Can you blame us though? Its like taking candy from a baby.
Who you kidding, David? According to AIG’s 3Q financial supplement, 80% of their real estate assets sit on the books of the insurance operations. There’s no way the $60 billion doesn’t go to the invested assets of the insurance companies. Time to call it quits.
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Enough already. This is the third strike! These guys have a proven track record of lying to just about everyone this side of the moon. It’s time for everyone to just let them go. If taxpayers “save” them this time, you know we will see them again this year “asking” for another “bailout”.
AIG, just go away!
My father taught me many things over the years, probably the most impotant two were: 1. when the boat is sinking do not try to save the anchor! 2. Never by a wallet on credit. I suppose AIG thinks “as long as we get free money everytime we ask,,, why change our mode of operation?”. Businesses are like people, regardless of opportunity some will fail, it is called survival of the fittest. Without the ability to fail there is no need to excel.
I never said he taught me how to spell or type.
While I don’t agree with the repeated salvation of this company the handouts will continue. Those with power both in business and government have to much invested in personal wealth (AIG shares) to let this go. AIG covers risks for the wealthy that a responsible carrier will not insure..it will not be allowed to go under. Sad day for the middle class tax payer.
What? Oh ye of little faith..
Rating: A (Excellent)
Financial Size Category: XV ($2 Billion or greater)
Hey, If AM Best said it, you can take it to the bank. Wait??
Which bank? Oh yeah, Wachovia.
I think..
or was it Washington Mutual??
Sit back and watch it fall,
plant a garden near the wall:
beans will sprout,
and you can eat:
“market average” you will beat
and then will wonder ’bout
the dream
of riches.
This is awful…”we just lost another 60 billion. Can we have a little bit more???” Go bankrupt. And do it quick. Maybe we’ll have some stabilization of one industry in the US.
Can anyone say AOG – American Obama Group.
First insurance company to be nationalized.
Hello taxpayers…its me…Mr. Liddy again. We’re gonna need you to go ahead and loan us another $40b or so. I know we messed up and lied but don’t hold it against us. Just give us another $40b and we swear we’ll spend it wisely this time….maybe even tell you what we’re using it for. Ok maybe we won’t use it wisely and we’ll likely be back for more. Can you blame us though? Its like taking candy from a baby.
Who you kidding, David? According to AIG’s 3Q financial supplement, 80% of their real estate assets sit on the books of the insurance operations. There’s no way the $60 billion doesn’t go to the invested assets of the insurance companies. Time to call it quits.
Can anyone confirm that Government Pensions are somehow connected to AIG financial?
If so, it is as simple as that…no need to dig any further…