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. "