AIG's Lexington to Manage AIG Public Entity Casualty Insurance Accounts
National News • January 6, 2009
AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced.
Specifically, effective as of Jan. 1, 2009, ...
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Subject: RE: RE: Handbags at 20 yards!
Posted On: January 7, 2009, 8:55 am CST
Posted By: wudchuck
Comment:
so, $700 billion help to AIG. What is the interest that we as a taxpayer expect back on this?
here's the reason why i ask: i heard from the various news resources, that when Obama takes office, we will have a $1 trillion deficit. does this mean that in 5 years, this deficit will drop because we will finally have been paid back? or we as americans unsure why we owe so much money outside of the bailout? why do we as americans allow our legislatures to keep taxing us when they can't keep a budget? why do we allow cutbacks for our schools - no raise for teachers who don't make very much money. we allow our schools to become so crowded because we have no funding to put up good and proper size schools, including the staff. if we are not allowed to leave no kid behind, why are we allowing our educators in a bind and behind as well. i think, that money should have been placed elsewhere. afterall, AIG and well as any other company should fail for making mistakes. if it was a smaller company, they would fold up. it should not matter what size company you have. same w/the auto industry. auto industry was thriving real good when price of oil was down. as it rose, gas prices rose and folks decided that gaz guzzlers were not the way to go. so the sales of big cars/suvs were out the window and falling fast. the industry was not paying attention. yet, we, the gov't, to bail them out as well. not a good idea, because again, we are helping a major company but not helping the little ones. here's what is funny, did toyota, honda or any other manufacturer besides the big 3 cry for help? NO!
if i was a shareholder of any of these companies that needed a bailout, i would be voting out the current regime. i'd be asking for my money NOW, based on cost of the share prior to the fall - due to incompetence and bad decisions.
so, i like someone's idea, that in 5 yrs, we should not be giving uncle sam any money. it'd be nice to get money in return.
Subject: RE: RE: Handbags at 20 yards!
here's the reason why i ask: i heard from the various news resources, that when Obama takes office, we will have a $1 trillion deficit. does this mean that in 5 years, this deficit will drop because we will finally have been paid back? or we as americans unsure why we owe so much money outside of the bailout? why do we as americans allow our legislatures to keep taxing us when they can't keep a budget? why do we allow cutbacks for our schools - no raise for teachers who don't make very much money. we allow our schools to become so crowded because we have no funding to put up good and proper size schools, including the staff. if we are not allowed to leave no kid behind, why are we allowing our educators in a bind and behind as well. i think, that money should have been placed elsewhere. afterall, AIG and well as any other company should fail for making mistakes. if it was a smaller company, they would fold up. it should not matter what size company you have. same w/the auto industry. auto industry was thriving real good when price of oil was down. as it rose, gas prices rose and folks decided that gaz guzzlers were not the way to go. so the sales of big cars/suvs were out the window and falling fast. the industry was not paying attention. yet, we, the gov't, to bail them out as well. not a good idea, because again, we are helping a major company but not helping the little ones. here's what is funny, did toyota, honda or any other manufacturer besides the big 3 cry for help? NO!
if i was a shareholder of any of these companies that needed a bailout, i would be voting out the current regime. i'd be asking for my money NOW, based on cost of the share prior to the fall - due to incompetence and bad decisions.
so, i like someone's idea, that in 5 yrs, we should not be giving uncle sam any money. it'd be nice to get money in return.