Thursday, September 18, 2008
AIG and America
Look , here's what the news people are not telling us ( US ). AIG Insurance is very stable. I mean it's loaded with money. AIG can pay all of the claims from Hurricane IKE and not feel it. Insurance companies like STATE FARM can't do that. Remember Hurricane Katrina ? So , everyone worried over their loses because of IKE , settle down. Your covered.
The problem with AIG is it's finance department. Yep. That's it. Plus the fact , Greenberg needs to be keel hauled and quartered. To add to the problem he has caused , news agencies ran up the hype , which in turned caused an unnecessary drop in AIG's stock. This enabled some bottom feeders to make a quick buck by buying/selling AIG stock in 3 hours , while the smaller investors lost their earnings. Those individuals need to join Greenberg , on the city square , in a public viewed neck tie party.
Then , did you know , AIG would ruin 19 countries , by going down the toilet ? Yep. So , what the American government did , was stop a stock market melt down , while saving the world's economy , in one blow.
So , now that Americans own AIG , let's do the right thing. Revamp their finance department and get on with business. AIG is good for it and the future never looked better. Americans could not have made a better investment.