Um, wasn’t the root of AIG’s downfall the credit default swap, also known as a “derivative”? Why in the hell would AIG or any other financial institution want to be led by a “derivatives veteran”? Insurance companies, which trade on trust and security, should absolutely shun anybody associated with derivatives. This is a perfect example of senior corporate executives, who live above the din and reward themselves with lavish UNEARNED bonuses, being unresponsible at best and criminal at worst. Hey, here’s an idea: Let’s pardon Bernie Madoff early and install him as head of the SEC.
I have contracts with several AIG subsidiaries, including Chartis, and as of Monday morning I will be terminating them.
Um, wasn’t the root of AIG’s downfall the credit default swap, also known as a “derivative”? Why in the hell would AIG or any other financial institution want to be led by a “derivatives veteran”? Insurance companies, which trade on trust and security, should absolutely shun anybody associated with derivatives. This is a perfect example of senior corporate executives, who live above the din and reward themselves with lavish UNEARNED bonuses, being unresponsible at best and criminal at worst. Hey, here’s an idea: Let’s pardon Bernie Madoff early and install him as head of the SEC.
I have contracts with several AIG subsidiaries, including Chartis, and as of Monday morning I will be terminating them.