Posted On: November 13, 2008, 8:29 am CST

Posted By: Jeff

Here is all the reading you and everyone else needs to do:
1) When companies do not manage themselves well and fall into financial ruin, they go into bankrupcy.
2) There is a well thought out process for bankrupt companies, their assets are sold off to other companies who have a clue and their debts are paid off.
3) The AIG issue was tied to the CDS and other financial investments, not their primary insurance subs. We all agree.
4) The reason the FED doesn't want them to fail is only because their financial services unit provides the financial backing to so many other companies (i.e. the CDO's). The government doesn't care about the insurance operations.
5) They should be forced to pay the piper NOW. Sell off the life insurance and P&C operations (their truly valuable assets). Pay off the loan (i.e. life line) that the FED provided and resolve the oustanding CDO's they have on their books.
6) The vast majority of the employees in their insurance operations(like you)will be employed by more stable companies who are not being dragged around the press by the hour.
7) If AIG is left as an aircraft leasing company or a dust ball in the street, who really cares, once the financial mess they created is resolved.
8) Now if your name is really Dumb Dubm, there is only one more thing for YOU to read.
9) Get your resume together!