Posted on 11/11/2008 2:31:21 PM PST by rabscuttle385
Why haven’t these guys been fired for incompetence yet??? Instead of asking for handouts, they should be either growing the business or selling off the assets to those who can better utilize them.
AIG owns so many credit derivatives. Many are subprime home loan guarantees. AKA credit swaps. AIG is not an insurance comapany as we know one with life, health, and P&C insurance that is subject to sound underwriting.
Yeah I guess it would be ‘woefully innadequate’ to cover the cost of their high fallutant ‘executive retreats’
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