Thursday, February 26, 2009

AIG To Hand Over Main Property Insurance Unit To US

This is simply pathetic.

"Give me your toxic debt, your default mortgages, your huddled worthless assets yearning to be offloaded on the taxpayer's balance sheet"

PS: Send printing presses Sphere: Related Content
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7 comments:

James said...

We're headed straight down a path we will never recover from. The US doesn't possess the leadership to tackle this crisis.

fw said...

Are you referring to American International Assurance ? Or the property lines zurich apparently decided to walk from ? thanks for any insight you may have on this.

Tyler Durden said...

link is up

sysin3 said...

But they're going to GIVE us this stuff.

Woo-hoo, money for nothing and your chicks for free !!

Wait, I guess we get the liabilities too huh ?

Anonymous said...

to the author of the blog:

THANK YOU!

I just recently found it.. and find it so informative!

Unfortuantely, the liberal media is either ignortant or outright lies, I think is a combination of both. They are all just answering to their boss... Mr. Obama.

Anyways.. I no longer trust the news, and so am very grateful to blogs like yours that provide so much good information.

thank you again!
(I am sending your blog site to all my friends)

-- from a new fan of this site!

nmv vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv vvv v X said...

just sell the whole damn thing back to HankG for pennies on the dollar and be done with it already.

karma's a bitch.

Anonymous said...

So, today (3/309) Ben says to Senate that AIG was a hedge fund, basically, that was attached to a large and stable insurance company. Apparently they have been working on detachment.