Posted On: November 17, 2008, 2:06 pm CST

Posted By: Sheltowee

The $150 Billion is gone, say good bye.

AIG has no intentions of recovering. They would have to give up their greed and higher standard of living in order to do so, for which they have no intentions of doing (in fact they are still laughing at us). They will not be able to turn their profits around nor do they care. They continue to mislead the public. Come on folks they are cancelling the employee pension plans and letting them cash in while they can (with the bail out money). They do not plan on staying in business. This bail out is simply to placate for a short time and keep at bay those who will lose and getting more money for the big CEOs and high paid administrators. They want to make certain that they get all the money the can before they say, "time has run out". In my opinion the ones calling the shots at AIG are masters of extortion and in the end will simply say, "there was nothing we could do".

I just didn't realize that polishing a turd became an art and that there are a lot of high price turd polishers out there.

WAKE UP PEOPLE. THE INSURANCE INDUSTRY IS BROKEN AND IT IS NOT GOING TO BE FIXED UNTIL IT COLLAPSES WITHIN 4 years. DOESN'T ANYONE REALIZE THAT IT IS WHAT WE SPEND ON INSURANCE THAT DRIVES OUR ECONOMY. IT DICTATES TO WHAT OUR BUSINESSES CAN AFFORD TO DO OR NOT DO, THE SAME FOR INDIVIDUALS.

Sara Palin wanted to know why the cost of living is so much higher in Alaska. Well, I would like to know too and I would start at the cost of insurance (auto, home health, disability, work comp, business, etc etc) for the average family, small and large business.

Getting this information will then lead you to why everything else is so damn high.

What is Insurance? FEAR, that's what it is. FEAR that has been marketed to folks the fear of this or the fear of that. Insurance. When are we going to stop being afraid and stand up, take control.

The industry doesn't have to be socialized but it will be because of pride. Pride and the inability to analyze and understand what simply needs to be done.