AIG CEO Hancock Sees Opportunity in MetLife Systemic Risk Win

March 31, 2016

  • March 31, 2016 at 2:21 pm
    Dave says:
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    Peter, before you get too excited let me give you a reality check. You and AIG are the poster children for too big to fail. AIG was the biggest bailout in human history. If you after a $182 billion bailout are not too big to fail, then nobody is. If Congress gets anywhere near close to deeming you not too big to fail as currently structured, they will be summarily be taken out back and shot. Being the self-preservationists that they are, they will not allow that to happen and you will not lose that designation. Dream on Peter, dream on.

    • March 31, 2016 at 2:23 pm
      Agent says:
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      Dave, AIG continues to fail as we have seen on numerous articles. They cut their employment, reduce salaries, sell off assets and it is still a losing proposition.

    • April 1, 2016 at 11:46 am
      Yogi Polar Berra says:
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      Perhaps too many congressmen had AIG, GM, etc. in their portfolios at the time of the bailout? Who controlled Congress at that time?

      Prevention is the better option; i.e. better regulatory oversight through more aggressive audits, financial exams, etc. The argument against that (too much expense added, time wasted) is easily refuted by pointing out the potential costs of another meltdown.

      Identification of the irresponsible & guilty parties within each of AIG, GM, etc, should precede renewed emphasis on ERM, Solvency II, etc., going forward.

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