March 25, 2009
AIG: And Worse
Now there is news that AIGs successful subsidiary businesses, real insurance companies, are suffering from the pasting taken by the holding company executives over bonuses. Moreover, competitors in the insurance business are complaining that the insurance company subs, too retain business, are aggressively offering lower rates "subsidized by the government." And, by the way, Senator Dodd's wife was on the board of one of the subs.
March 25, 2009 | Permalink
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This is perhaps the only time I can reference South Park on your blog, but it's a good summary of the Treasury's decision process.
Posted by: Vince | Mar 26, 2009 7:43:21 AM