AIG

[lookout123]

2) He is arguing that those employees are good employees and they would quit, and who would fill their shoes?

Just a little suggestion - read the fucking posts a little more carefully before you regurgitate your arguments. I'm not saying they're good employees. I'm not saying they should keep their jobs. I think they should mostly be shown the door. The point is that you will have to fill those positions. Prospective replacements will obviously consider things such as company stability, increased government and media scrutiny, and compensation... now you want to further hamper the recruitment process by making it known the company doesn't follow through on the contracts if it seems unpopular at the time. Good luck finding good people for those positions.

sugarpop I don't believe you are stupid but I do believe you are extremely misguided. that's cool, it is america and we each have a right to our opinions. you can look back at your internet discussions as proof that your common sense is supreme, but saying something bad is coming repeatedly will inevitably cause you to be right. That's just the way it works.

I called the downturn quite a while back as did most people in the industry. Seeing a recession on the horizon doesn't mean you can or should avoid it. My personal view is strong companies should survive and weak companies should die. AIG either should have stood or fallen on it's own. GM, Chrysler, Citi, BAC, are all in the same boat for me. It would have been brutal and bloody, but it would have had a clear end. As it is, we have an inefficient and politically motivated government tampering with the markets to keep weak companies alive. In the long run that is not a good thing. TW may be an absolute nutter but he has been correct all along about GM. They should tank because of their poor management. Chrysler was in the same boat years ago, but they got good management, came up with a viable plan and sought help from the government. It worked. That is completely different from what we are seeing today. Public opinion and political positioning will do absolutely nothing useful for these companies or our economy.