AIG Starts Talks to End Government Ownership

By | August 6, 2010

  • August 6, 2010 at 10:17 am
    Afraid of earnings call says:
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    bold words but no analyst call? hmmmm

  • August 6, 2010 at 12:35 pm
    Erm the Worm says:
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    How the hell does AIG have the ability to end government ownership? Did it pull a few hundred billion out of a secret account we don’t know about?

    Cause that’s what the U.S. taxpayer put into AIG.

    Or did the U.S. Govenrment forgive all those “loans” and I missed it?

  • August 6, 2010 at 1:10 am
    Sarah says:
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    Welcome to your new private health insurance company simular to what Fannie Mae is to the lending industry. When was the last time Fannie Mae turned a continuous profit quarter after quarter? I think we have somewhere around 300 billion invested in Fannie and Freddie.

    THIS COMPANY IS AND WILL BE OWNED BY THE FEDS. ALONG WITH GM. Look for more government issued recalls for Toyota and Ford. Thats just the Chicago Union way of doing business.

  • August 6, 2010 at 1:15 am
    Tom says:
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    Does the mob ever let an owner off the hook and let him/her go back to their business. Don Corleone, may you rest in peace.

  • August 6, 2010 at 1:15 am
    earlybird says:
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    The very next article says AIG lost 2.7 million dollars in the second quarter! And that is while they are undercutting premiums and not underwriting any accounts. How are they going to repay US?

  • August 6, 2010 at 1:17 am
    Tom says:
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    Just like GM, they will borrow the money from the gov to make a huge announcement that they have paid back (one) loan.

  • August 6, 2010 at 3:22 am
    Darth Vader says:
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    The organization has a loss for the 2nd quarter, and its insurance operations post a combined ratio of 102.

    Also, the next article notes that new business submissions but new business is not. In addition, the company is reducing its aggregate exposures in certain property and casualty lines where resuls are not as favorable.

    With all this stated, how does the company start talks to end government ownership? I think Benmosche has been drinking too much wine from his Croatian vineyards…..

  • August 6, 2010 at 6:09 am
    Baxtor says:
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    So if they made adjusted gross profit of $1 billion last year and if they continue at this pace, paying it all to the government, with still owing tax payers over $100 billion, my math says that is over 100 years. So if they can see the light at the end of the tunnel, then once again, that just proves they are a lying and distrustful company which should have sunk!
    At the rate our government is making poor decisions, I’m surprised they haven’t raised the Titanic and put a few patches on it and started sailing it around. That’s no different than what they have done with AIG and our economy.

  • August 9, 2010 at 7:38 am
    Tom says:
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    This admin hasn’t a clue about how much attention the “little” people are paying to their activity. They rail against the rich, then bail them out. They won’t raise taxes but keep spending like jet engines leaving the next admin to do the dirty work. They spout “change” but give us more of the same times 10. They pronounce the car companies as “coming back” when their hopes are pinned on a $41,000 fantasy that no one will buy but “the rich”. Class warfare and redistribution are fundamentally wrong for a country built on individualsim and hard work. AIG should have failed, GM should have been left to fail, and the banks and investment houses should have taken the torpedo. The Dem party is for the little guy, I laugh at that. Dems have let their “elites” act for them and the world has reversed itself, they just don’t have the intellectural energy to see it as it truly is. History is made when good people abdicate their responsibility to keep their eyes open.

  • August 9, 2010 at 6:40 am
    wudchuck says:
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    first of all, how can they have earned that much money on profit? how much did they have to pay on interest? afterall, it was a bailout LOAN! what about all those lawsuits? how much have they lost there? i think someone does not know the true number, even the gov’t. funny how we think that AIG is distrustful, but don’t we think about our own gov’t the same way? how many of those senators and congressmen have you re-elected back into office? i don’t see them resigning from this mess. AIG should have been let to fall and fall hard. many small mom & pop companies fell, but the gov’t did not bail them out? they have not sued the gov’t for their lack of interest, but those folks employed by these companies and their owners probably did re-elect them back into office. so where is their fair share? where is the taxpayer fair share? or can we expect a huge tax break come next year and the year following that? or better, did someone say that it would take 100 years – so can i live w/o paying taxes at all?



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