View Full Version : Hey Rog, it is getting worse...
Advocate
02-25-2009, 04:53 PM
“The Property Casualty Insurers Association of America says the federal government should rethink its plans to possibly provide additional bailout money to American International Group, arguing that doing so creates an unfair competitive advantage for the company.”
Even insurers have abandoned your company. How sad! :D
http://www.propertyandcasualtyinsurancenews.com/cms/nupc/Templates/website/PrinterFriendly.aspx?{28176603-3906-479A-91CD-1038C4D0D828}
"Now I am become Death, the destroyer of worlds." - J. Robert Oppenheimer 1945
Advocate
02-26-2009, 08:06 AM
is about to come out. :D
"Liddy, appointed to fix the insurer after it needed an $85 billion lifeline that grew to $150 billion, is asking the government for help again, two people familiar with the matter said this week. His strategy to sell most of New York-based AIG’s businesses may be scrapped after not getting enough bids, and a restructured bailout may include giving units to the U.S. in exchange for forgiveness of some loans, the people said."
http://www.bloomberg.com/apps/news?sid=addciQsRKwjc&pid=20601103
Of course, what do I know... :D
"Now I am become Death, the destroyer of worlds." - J. Robert Oppenheimer 1945
admin
02-26-2009, 09:45 AM
Quote: Liddy, the CEO at auto insurer Allstate Corp. (http://www.bloomberg.com/apps/quote?ticker=ALL%3AUS) for eight years through 2006, was appointed to AIG by then-Treasury Secretary Henry Paulson (http://search.bloomberg.com/search?q=Henry+Paulson&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), who knew Liddy from the executive’s service on the board of Goldman Sachs Group Inc., where Paulson was CEO.
Wow! With a resume like that I couldn't run for dog catcher.....Allstate, and Goldman Sachs....
It may turn out Paulson and his financial cohorts not only destroyed the economy, but heaped dump truck loads of the tax payer's money on them on the way down. They just..... still....... don't get it.
Time will tell.
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