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Editors and Contributors
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Andrea WellsAgency Compensation Playbook: 2013 Agency Salary Survey -
Andrew G. SimpsonHow Process Improvement Drives Agency Profitability -
Stephanie JonesThe Acquisition Cycle -
Don JerglerIndustry Predictions -
Chris BurandReasonable Compensation -
Andrea WellsPersonal Lines: How Technology is Changing the Way Agents Do Business
In our globalized economy, the success or failure of businesses can depend on a myriad set of factors outside of executive control. From the weaknesses of the Chinese economy, interventionism from federal governments, or even the whims of Mother Nature, it seems like almost anything can stress supply chains, squash consumer confidence, and threaten the life of a business. In these uncertain times, owners and executives ought to consider establish ways of protecting cash flows from these unexpected events.
AIG bet the house — issuing credit default swaps for enormous fees to nearly every major bank assuming the price of real estate would never fall. This was entirely within their control and they put our entire world financial structure at risk.
I cannot believe AIG shares are trading this high. I just hope our government allows the people that are buying it this high lose their shirts when it falls below what they are paying for it. There is no way billions of shares of stocks are worth more than $1.00 a share, let alone over $30. Yet there are dumb enough people out there that will pay that for AIG stock…and what are they getting? I piece of paper that is worthless, especially if they fail again down the road. Wall Street isn’t smart people, just because these people are making millions doesn’t mean their smart. They are just part of a cult that the world is funding. Stop giving them money and we’ll see how “smart” these people are. Bonds are more the way to go if anything.
They are smart. They created a fool-proof scam and got away with it. Buy derivatives and then insure them against failure. You get the suckers coming and going. Genius! Immoral and should be illegal, but genius none the less.