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AIG’s Post Mortem

Started by yowchuan · 9 months ago

BusinessWeek has an interesting coverage on Where AIG Went Wrong:
The primary job of an underwriter is to spread risk around. In making bold bets on home prices, AIG left its business exposed to one terrible turn of events and is paying a steep price. For taxpayers, the question is how de ... Continue reading »

3 comments

  • i always hate that part, you know the fine print in the insurance proposal . "the figures shown are for illustration purposes only, the future earning is only projected and not guaranteed"

    So what is guaranteed is you must faitfully pay your insurance premium, or else ,,,,,,,,,,,,If giants can collapse, tell me what else is guaranteed when my investments is concerned.
  • And when giant falls, alot of innocent victims also get trampled to death.
  • knowing GB, AIG will come out of this soon, as He always does.

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