Relative to the AIG Credit Swap anology, I think it would be pertinant to compare a rating company’s position on AIG prior to the credit default swap debacle. If AIG was AAA at Moody’s and S & P and A+ at Best, then how bad is State Farm now?
With the outlook to negative shouldn’t the executives be reducing their salaries and bonuses? But instead you see CEO Rust and his top 8 executives again increasing their pay. The top 9 executives were paid over $49 Million in 2008. Rust himself got an $11 Million bonus. How much would they pay themselves if they actually increased the capital as they should be doing?
Same old stuff from you Concerned. You appear to be overpaid for your usual cut and paste rants against Ed Rust. Boring as always. Seems like you post the same stuff under a different name every day.
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Someone please remind me…….What was S&P’s outlook on the AIG credit swaps???
Credit default swaps are not considered to be insurance, so would S&P even rate them?
Relative to the AIG Credit Swap anology, I think it would be pertinant to compare a rating company’s position on AIG prior to the credit default swap debacle. If AIG was AAA at Moody’s and S & P and A+ at Best, then how bad is State Farm now?
With the outlook to negative shouldn’t the executives be reducing their salaries and bonuses? But instead you see CEO Rust and his top 8 executives again increasing their pay. The top 9 executives were paid over $49 Million in 2008. Rust himself got an $11 Million bonus. How much would they pay themselves if they actually increased the capital as they should be doing?
Same old stuff from you Concerned. You appear to be overpaid for your usual cut and paste rants against Ed Rust. Boring as always. Seems like you post the same stuff under a different name every day.