Posted On: October 9, 2008, 9:01 am CDT

Posted By: Hanging Out

Let AIG fail. They have been a lousy carrier forever. Nearly every month in Business Insurance National Union is being sued by some company who has a huge claim and NU/AIG won't pay. The fat cats have to go, but it will never happen. Since the beginning of time, "Them who has gets, them who has not s*its." Don't kid yourselves thinking Congress cares about any of us. Everything they do has a potential vote tied to it.

Check out http://www.forbes.com/lists/2008/12/lead_bestbosses08_CEO-Compensation-Insurance_9Rank.html.
You'll be amazed at what the Execs make. Even the head of Hartford, who is now in a bit of trouble makes way too much money. In all the years I've been in this business Hartford has been a lame carrier.

No top executive is going to suffer for this mess. We can rant and rave all we want, but nothing will be done. Who in the world needs $370 million dollars? How many houses can a person own or planes, and why do they need them? Most of these fools die before they can spend it anyway, so what's the sense of having that much?

We're all just tilting at windmills.

Go back to your desks and do the job that makes them more money. They have the MBAs from the Ivy League schools, so they are thought to be better.

Let AIG die.