barb162
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Sun Mar-01-09 02:10 PM
Response to Reply #38 |
| 58. I read an article in Forbes or Fortune a few months ago about this |
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and the old man was actually madder than hell about what was happening to AIG. Maybe the boys wanted to get away from dad's hand. I remember when Jeff G. went to Marsh. It's amazing to see the current stock price, just about worthless.  |
| -AIG catastrophe, coming next week |
SOS |
Feb-28-09 06:09 PM |
#0 |
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My auto insurance payment is due next week... |
joeybee12 |
Feb-28-09 06:14 PM |
#1 |
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Mine is due in May |
Sherman A1 |
Feb-28-09 06:33 PM |
#3 |
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I think there is a difference between the insurance unit |
Celebration |
Feb-28-09 06:45 PM |
#8 |
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The insurance is still functional |
SOS |
Feb-28-09 07:00 PM |
#11 |
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Yes the insurance side is still profitable and functional. |
Marrah_G |
Feb-28-09 07:51 PM |
#20 |
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There is a difference; they're all separate corporations. |
barb162 |
Feb-28-09 11:49 PM |
#29 |
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Pay it, they'll still be in business. |
barb162 |
Feb-28-09 11:48 PM |
#28 |
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i had aigdirect auto insurance until a few weeks ago |
ProgrezivIndie |
Mar-01-09 07:11 AM |
#39 |
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You might want to send them something in writing |
Trekologer |
Mar-01-09 03:40 PM |
#62 |
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oh, i did that as well... |
ProgrezivIndie |
Mar-01-09 04:01 PM |
#63 |
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rec #2, and thanks for posting this!! nt |
inna |
Feb-28-09 06:17 PM |
#2 |
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massive losses |
seemslikeadream |
Feb-28-09 06:34 PM |
#4 |
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liquidate aig |
madrchsod |
Feb-28-09 06:39 PM |
#5 |
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Sounds like such a sensible practical notion |
truedelphi |
Feb-28-09 06:40 PM |
#7 |
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If you liquidate AIG, dozens of major banks across the world will be officially broke |
alcibiades_mystery |
Feb-28-09 07:02 PM |
#12 |
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No matter how you do this.. |
sendero |
Feb-28-09 07:16 PM |
#13 |
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sometimes - very rarely, although this might be one of these cases .... |
inna |
Feb-28-09 07:43 PM |
#17 |
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I don't disagree with that at all |
alcibiades_mystery |
Feb-28-09 07:45 PM |
#18 |
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Where did all the money go???? |
Pachamama |
Feb-28-09 11:16 PM |
#24 |
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The "money" at AIG was theoretical |
alcibiades_mystery |
Mar-01-09 07:41 AM |
#42 |
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It wasn't even money - it was options, credit default swaps, and other derivatives. AIG was a big |
leveymg |
Mar-01-09 08:18 AM |
#47 |
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I don't think we can. As I understand it, there's $500 to $700 TRILLION in CDS... |
Junkdrawer |
Mar-01-09 09:19 AM |
#48 |
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Nocera is saying the notional value of AIG CDSs is $450 billion |
SOS |
Mar-01-09 12:26 PM |
#51 |
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So, AIG holds less than 1/60 of the estimated CDS Market? |
Junkdrawer |
Mar-01-09 01:01 PM |
#53 |
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Oh god, it's back |
MadHound |
Feb-28-09 11:30 PM |
#25 |
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There's no doubt these giant companies have to be dismantled |
alcibiades_mystery |
Mar-01-09 07:40 AM |
#41 |
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Then if they need to be dismantled, |
MadHound |
Mar-01-09 07:42 AM |
#43 |
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You have to hold them up until you can take them down sensibly |
alcibiades_mystery |
Mar-01-09 08:02 AM |
#44 |
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Sounds like plain old theft to me... |
stillcool |
Feb-28-09 06:40 PM |
#6 |
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That's what it's sounded like to me from the beginning. |
tbyg52 |
Feb-28-09 07:52 PM |
#23 |
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It's not theft |
Dreamer Tatum |
Mar-01-09 03:28 PM |
#61 |
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Geithner and Bernanke will backstop all of it. |
roamer65 |
Feb-28-09 06:48 PM |
#9 |
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K&R thanks n/t |
slipslidingaway |
Feb-28-09 06:54 PM |
#10 |
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This and other examples are the reason the stimulus will fail |
zagging |
Feb-28-09 07:33 PM |
#14 |
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Stimulus? |
Profprileasn |
Feb-28-09 07:47 PM |
#19 |
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Who'd you vote for? |
rockymountaindem |
Feb-28-09 07:52 PM |
#22 |
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'zactly |
HCE SuiGeneris |
Mar-01-09 02:48 AM |
#36 |
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Estimates of the bad paper vary widely |
zagging |
Mar-01-09 02:45 AM |
#35 |
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unlike the credit card debt that your hero, Bush, racked up |
northernlights |
Mar-01-09 01:44 PM |
#56 |
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Where did you get 150 trillion. |
barb162 |
Feb-28-09 11:54 PM |
#30 |
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Total derivatives = $500 trillion |
SOS |
Mar-01-09 02:53 PM |
#60 |
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the US isn't the only one with a stimulus package |
northernlights |
Mar-01-09 01:46 PM |
#57 |
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Sounds like a break up of AIG is what is going to happen. |
DCBob |
Feb-28-09 07:35 PM |
#15 |
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That's the most likely scenario. Almost of the the insurance units |
barb162 |
Feb-28-09 11:57 PM |
#31 |
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My first employer, and once (30 years ago) a truly impressive company. |
burythehatchet |
Feb-28-09 07:42 PM |
#16 |
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was it just an insurance company back then, not all the other investment/mgmt stuff? nt |
Muttocracy |
Feb-28-09 11:45 PM |
#27 |
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It was mostly all insurance related things back then |
barb162 |
Mar-01-09 12:02 AM |
#33 |
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That's right. Mostly commercial property and casualty. And the interesting thing |
burythehatchet |
Mar-01-09 06:35 AM |
#37 |
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I know them quite well too. |
barb162 |
Feb-28-09 11:59 PM |
#32 |
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I don't know whether Hank directed this. I think he was trying to stop it and he |
burythehatchet |
Mar-01-09 06:37 AM |
#38 |
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I read an article in Forbes or Fortune a few months ago about this |
barb162 |
Mar-01-09 02:10 PM |
#58 |
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Check the FAA Certificate of Registration in the cockpit of many US airliners .. |
DemoTex |
Feb-28-09 07:52 PM |
#21 |
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For airliners, there are pilots hired who take the planes to a field |
barb162 |
Mar-01-09 01:28 AM |
#34 |
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my BIL is shitting himself |
TrogL |
Feb-28-09 11:40 PM |
#26 |
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At 42 cents a share |
alcibiades_mystery |
Mar-01-09 08:03 AM |
#45 |
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Where are the protests? |
DemReadingDU |
Mar-01-09 07:39 AM |
#40 |
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Wait until the Alt-A's REALLY start defaulting later this year... |
Junkdrawer |
Mar-01-09 08:07 AM |
#46 |
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I HIGHLY recommend that everyone visit this thread and watch the Mr Mortgage Youtube... |
truebrit71 |
Mar-01-09 12:08 PM |
#50 |
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Alt-A's already just as big as subprime (and will grow as unemployment skyrockets) |
SOS |
Mar-01-09 12:42 PM |
#52 |
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Roubini's basing those charts on a 5% decline? |
MilesColtrane |
Mar-01-09 01:30 PM |
#55 |
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...n/t |
slipslidingaway |
Mar-01-09 11:40 AM |
#49 |
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Gramm-Leach strikes again. |
MilesColtrane |
Mar-01-09 01:17 PM |
#54 |
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when greed becomes criminal, people need to go to jail...they were gaming the system & lost |
spanone |
Mar-01-09 02:24 PM |
#59 |
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All I want to know is... |
Elidor |
Mar-01-09 04:25 PM |
#64 |
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n/t |
slipslidingaway |
Mar-01-09 06:05 PM |
#65 |
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