AIG Reports $62B Loss for Q4; $99B for Year

March 2, 2009

  • March 2, 2009 at 10:56 am
    Scooby says:
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    I don’t agree with tax dollars used to bail anyone out. The $100K FDIC limit was raised to 250K, now the government keeps bailing out big industry. Survival of the fitest. AIG should have been in bankruptcy with their assets being liquidated. If you bought a annuity with AIG which wasn’t FDIC insured, then sorry, you loose! Why should my kids future taxes pay for the loss? I have a friend doing workers comp audits for a fee company who has been assigned AIG audits. He states he is getting a lot of insureds stating they never paid for the policy because the replaced coverage elsewhere at inception of the policy. Thus, one would believe that AIG is not cancelling their renewals flat when asked, not collecting the premiums when due and allowing the policy to be in force, and then sending the policy for audit. What would be the motive? Maybe because they want to keep the premiums on the books to show revenue even though it won’t be collected? Maybe its just bookkeeping errors? Maybe I’m wrong due to my facts being from a third party? Bottom line, I personally wouldn’t purchase my business insurance from AIG.

  • March 2, 2009 at 3:34 am
    ER says:
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    Why would anyone with half a brain think that bailout money will save AIG? Actually bailout money would save AIG if we continued to give more and more of it over the next 2 years…at least.

  • March 2, 2009 at 6:26 am
    milo says:
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    The bail out money given to aig save saves many . If aig goes down then so does a handful of companies we havent heard about, not to mention all of the funds that have money invested in them, but the big news is Fannie Mae and Freddie mac cause guess what? Aig insured those crappy loans that were made and tey all came due at the same time. Why? Cause the likes of Barnie Franks and others were the architects!
    They are all running this country into the ground.
    I do agree with you. Let them all go down at the same time including Pelosi in her bigger Jet we pay for, Barnie F. ad the like.

  • March 3, 2009 at 8:40 am
    matt says:
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    AIG’s quarterly loss amounts to over $450,000 per minute and over $7,500 per second.

    How do you lose this much money? I’m not sure I could intentionally lose this much money.

  • March 3, 2009 at 1:24 am
    shaggy says:
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    let it sink already, let the captains go down with it.



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