ST Alpha - "I will agree that AIG is milking the situation. " (Reading a Post)

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I will agree that AIG is milking the situation.

Posted by Dr.Vermin (aka Dr.Vermin) Mar 17 '09, 12:16

"AIG's lobbying materials suggest that taxpayers need to continue subsidizing the insurance giant to avoid economic ruin.

Among the more dubious claims is that AIG policyholders won't be able to purchase the coverage they need. The sweeteners AIG has been offering to retain customers tell a different story. Moreover, getting back to those infamous bonuses, AIG can argue that it needs to pay top dollar to survive in an ultra-competitive business, or it can argue that it offers services not otherwise available in the market, but not both."

But the real point is that this controversy over the bonuses is misdirection to cover for the real improprieties that led to this. (online.wsj.com)

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At this point, I have to wonder if continuing to subsidize AIG won't *lead* to economic ruin. -- nm - Taur na n�g Mar 17, 12:18 1
- werd -- nm - Epiphany Mar 17, 12:22

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I will agree that AIG is milking the situation.

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