Join Early Retirement Today
Thread Tools Search this Thread Display Modes
NY Times article on AIG - New Weakness
Old 07-31-2009, 05:40 AM   #1
Thinks s/he gets paid by the post
walkinwood's Avatar
Join Date: Jul 2006
Location: Denver
Posts: 2,435
NY Times article on AIG - New Weakness

This article seems to say "Stay clear of AIG policies". I find it amazing that people are still buying policies from them.

After Rescue, New Weakness Seen at A.I.G.


walkinwood is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-31-2009, 04:26 PM   #2
Thinks s/he gets paid by the post
IndependentlyPoor's Avatar
Join Date: Jul 2009
Location: Austin
Posts: 1,142
Ut-oh. This sounds like 1928-style shenanigans.
One A.I.G. subsidiary, the National Union Fire Insurance Company of Pittsburgh, shows what can happen by heavily relying on affiliates. Its most recent regulatory filing in Pennsylvania said it had more than enough money to pay its obligations.
But at the end of 2008, more than a third of National Unionís portfolio was invested in the stock of other A.I.G. companies, which are not publicly traded.
IndependentlyPoor is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
NY times article about managed fund managers Tiger FIRE and Money 7 07-14-2008 05:36 AM
Getting by on $565. An article from the LA Times. Disappointed FIRE and Money 21 06-20-2008 07:43 AM
Good Article in Today's NY Times tomz Health and Early Retirement 15 06-07-2007 11:17 AM
ny times retirement article Shredder FIRE and Money 6 01-04-2005 04:07 PM
Interesting article in New York Times Traveler Other topics 17 05-19-2004 04:21 AM


All times are GMT -6. The time now is 03:52 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.