You cannot be serious. Didn’t AIG basically go out of business back in 2008 with this kind of risky business? I mean no disrespect to Tom Cruise but this is really not smart. AIG needs to invest in smarter things than CDO’s. I really can’t believe I’m even having to say this.
I mildly disagree. There are different stewards at the helm of AIG today. Assume the baddest stewards are all gone and hope for the best outcome today.
Why would we assume that? It would be absurd to expect that there has been some drastic cultural change at AIG. In fact, based on their current practice of jumping into the CLO market–which is eerily similar to their foray into mortgage backed securities–we can probably surmise that the “different stewards” are not that different.
(Newly) venturing into a market doesn’t mean the approach is the same as that practiced by prior senior execs. I assume different execs/ people do different things, especially if they know the prior execs/ people failed using their (prior) approach.
Further, name other insurers, with different execs, who followed the same bad practices as AIG through 2008. If you can, then THOSE execs can be assumed to follow the prior AIG execs bad business practices. Otherwise, you must assume they would not, based on their history; e.g. Dupperault..
You cannot be serious. Didn’t AIG basically go out of business back in 2008 with this kind of risky business? I mean no disrespect to Tom Cruise but this is really not smart. AIG needs to invest in smarter things than CDO’s. I really can’t believe I’m even having to say this.
Is anyone else experiencing deja vu? You cannot make this stuff up….
I mildly disagree. There are different stewards at the helm of AIG today. Assume the baddest stewards are all gone and hope for the best outcome today.
Why would we assume that? It would be absurd to expect that there has been some drastic cultural change at AIG. In fact, based on their current practice of jumping into the CLO market–which is eerily similar to their foray into mortgage backed securities–we can probably surmise that the “different stewards” are not that different.
(Newly) venturing into a market doesn’t mean the approach is the same as that practiced by prior senior execs. I assume different execs/ people do different things, especially if they know the prior execs/ people failed using their (prior) approach.
Further, name other insurers, with different execs, who followed the same bad practices as AIG through 2008. If you can, then THOSE execs can be assumed to follow the prior AIG execs bad business practices. Otherwise, you must assume they would not, based on their history; e.g. Dupperault..