$20 Billion of Funny Money for a Patient Named AIG Who Has No Brain Waves and Is On Life Support
Wow. Talk about a band aid on a broken bone. The governor is out saying that (AIG) is financially sound.
American International Group, Inc NYC Mayor Bloomberg: AIG will survive - comments to reporters after discussion with firm.
HA HA. Nice PR baby. Stay away from this Enron like ponzi scheme. Same shell game, different industry. How could any one person say that this thing will survive? The only sure thing here is that IF it POSSIBLY survives, the common shareholders will get none. They call it common stock for a reason.
Nothing is news to me, because I saw the volatility.
When all is said and done and (AIG) goes to zero, everyone will be glad another chapter in this drama is over. The problem is that (AIG) isn’t going to zero. It is going to -$5,000 or -$50,000 or something like that.
When (AIG) dies , it will leave behind a real messy estate. Everyone will be arguing over not who gets what money, but who gets to pay the dead man’s bills. And his bills will be really toxic and expensive. As soon as an asset shifts to a liability, the government shifts it right over. To you and me. That’s pretty tricky.
Or is it?
Peace.





[...] are facing their implications in the world of AIG. On September 15th, the governor of New York said AIG is financially sound. Where is he now? This AIG news looks to be the catalyst for the next big [...]
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