16 September 2008

So easy, even a near-insolvent....??

News item: Insurance company AIG is on the cusp of bankruptcy, and will be receiving $85 billion in gumment loan guarantees. (Talk about curb service!)

In our mail today: A pitch from AAA to switch to their car insurance, which is run by ... AIG.

Uh huh.

1 comment:

nettiemac said...

Don't get me started. Stacey & I have been talking about it.

If I were to drive a company into the ground the way some CEOs have done lately, nobody would give ME a multimillion dollar "golden parachute." I'd be shown the door and maybe jail..... I don't get it. "You've nearly bankrupted us; here's $45 million and some stock options."

A real WTF moment, if ever there was one.