AIG

[lookout123]

Originally Posted by ZenGum

Maybe I am naive, but if I was running a struggling business, I would keep the profitable units and close down the unprofitable ones.
I just don't "get" business, sometimes.

They are an insurance company which means they must maintain a hefty cash reserve ratio. When things went down the shitter they had to raise capital quickly. Which do you think would be easier to get good value from, profitable business unit or one overflowing with toxic assets?

I'm not saying it makes sense but that is the way it is sometimes.

PH, the only difference between DeSantis and your neighbor is that you know your neighbor and he doesn't happen to be a much maligned industry at the moment. They're still two people trying to do their job regardless of their salary structure.

TGRR... let me guess, you've gone through life talking a lot shit but accomplishing little, right?