AIG to take big multi-billion loss this quarter...well, that was money well spent. (companies, financial)

[summers73]

AIG to take a big hit - Feb. 25, 2010

[Boompa]

Once they used the trillion we gave them to pay off those worthless policies they wrote they should have let them go under.

[Leisesturm]

What part of 'too big to fail' are you having trouble with? It wasn't the policies AIG underwrote that brought them trouble it was their fixation with credit derivatives. Nevertheless all of those con artists magnified the extent of their financial situations so as to maximize the payout from Uncle Sam. The Scam of t, of All Time! They should get Oscar's and jail time, all of them.

H

[pghquest]

Thats because the government made AIG sell off their most profitable divisions in order to repay them quickly. Made no sense at all, but when did anything the government wanted make sense?

[AksarbeN]

Maybe AIG shouldn’t have given so many large bonuses to their management? Poor corporate management shouldn’t be rewarded with pay increases or benefits.

[HappyTexan]

So then..let's bail them out again. If they were too big to fail before now they are way too big to fail because they owe us, the taxpayer, so much money

[Icy Tea]

Let Goldman Sachs cut a check and pay it.

[newonecoming]

Originally Posted by Boompa

Once they used the trillion we gave them to pay off those worthless policies they wrote they should have let them go under.

yip

[Leisesturm]

Originally Posted by pghquest

Thats because the government made AIG sell off their most profitable divisions in order to repay them quickly. Made no sense at all, but when did anything the government wanted make sense?

??? The government made them? Nobody makes those Masters of the Universe do anything. AIG wants to repay the money early for selfish reasons of their own. They can't deal with the puny restrictions on their excess that being wards of the country entails.

H

[florida.bob]

It wasn't all loss, there are quite a large number of bonuses.