The 70 or so insurance entities out of 240 or so total at AIG were sound and secure with assets to back up claims and reserves. The idiots in the financial products divisions were the loose cannons. Taking on a new company name is smart…not exactly a sell off.
“We continue to consider all strategic options through a robust, structured and disciplined process.”
Disciplined….as in a 20-1 reverse stock split. That panned out pretty well.
so, is this not like selling apart of AIG off? so where does that leave AIG w/repayment for this unit back to the bailout? does not make any sense?
The 70 or so insurance entities out of 240 or so total at AIG were sound and secure with assets to back up claims and reserves. The idiots in the financial products divisions were the loose cannons. Taking on a new company name is smart…not exactly a sell off.