Posted On: November 6, 2008, 6:45 am CST

Posted By: DD

Dear Nobody,
If you read my prior blogs that was precisely my point! Everyone is hating AIG because the government helped them. So what?! At 13% interest or whatever it is, for paper losses, I question if I would call that help. But bottom line not helping AIG would have caused a global crisis. People don't understand the global strength of AIG. So it's easier to bash what you do not know.

Everyone needs to give AIG an chance to work out their plan!

I constantly read about AIG bashing on these blogs and am sick of it. AIG's people are good honest hard working people and they deserve a chance to turn the company around at the errors of others and in this horrible economy.

As I said previously, everyone hates the big guy. Everyone speaks on these blogs erroneously about the AIG facts. They do not know the facts or only read the google articles which are not accurate. Then blog about hating AIG. It's just wrong.

The employees of AIG insurance may feel a little beaten with all the poor press but they continue to work for their brokers. Can't say that about other companies that had financial problems! I never saw those reps during bad times but boy do they come out now when the big guy is down!

The real thing here is that because insurance is regulated - the AIG insurance companies are well capitalized with more surplus than most of their competitors!


When AIG Corporate comes through this...what will the nay-sayers say then?

As for the government, as for big corporations in general, we need fiscal reform.