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["Lynda" <lurine AT softcom.net>]

O.K., can someone please tell me why anyone who is *supposedly* an expert in 
this stuff would be surprised that AIG would, if nothing else, be in dire 
straights?  Or did they all simply look the other way when American General 
was sued 60 ways from Sunday over their illegal mortgage practices LONG 
before the current hysteria started?

If I own a company that owes more than its assets and more than it has 
coming in because of lawsuits, and then is hit with the housing bubble 
collapse AND is one of the forerunners in the whole negative loan business 
and has one of the highest % of foreclosures, I'm going to think twice 
before I think everything is find and dandy with its parent company!  I 
mean, that doesn't take a financial wizard to figure that one out!

Lynda
----- Original Message ----- 
From: "bob ford" <bobford79 AT yahoo.com>


That sounds awfully dire. And it probably won't happen. But, then again, a 
couple of months ago hardly anybody would have predicted that AIG would 
collapse, Congress would be mulling a Wall Street bailout, and '70s-era gas 
lines would be back. "

http://money.cnn.com/2008/09/26/news/economy/gasshortage_okeefe.fortune/index.htm?cnn=yes



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