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Re: profcw post# 1184

Wednesday, 10/08/2008 7:17:24 PM

Wednesday, October 08, 2008 7:17:24 PM

Post# of 8151
True, and in spite of what AIG is saying about this not being a "fire" sale, I believe they really could have gotten more for these assets, had this approach been activated a few months ago. They knew these problems existed long before the SP started dropping. Arrangements could have been to handle or at least researched for options to handle these problems without government intervention. As for we, investors, I believe eventually the SP will come back up to 10-12. But it won't be in the next few weeks at least, especially with the rest of the world markets behaving such as they are. (Hope I'm wrong about this).

What I found funny today was Liddy stating that the corporate retreat was for their top insurance, etc sales producers instead of top executives. IMO, the fact that these top producers made a pot load of money already should have been reward enough in light of today's economic mess. And now they have another one of these retreats planned for the near future.
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