Replies to post #862 on American International Group, Inc. (AIG)

[negger0]

emergency meetings are held today and i think some sort of a deal may transpire over the weekend. jmo.

[jamiehex]

sf said:

"greenberg and liddy are not going to let aig fail. the government is not going to let aig fail. and john mccain is the only senator with the balls to get us out of this mess and we wont have to bank roll it. the democrats in congress are going to be on the unemployment line next vote. mccain is the man with the plan just watch genius at work. and hold tight and buy more cause youll never see this again after the rescue plan. jmo sf "

ROFL hahahahah are you f'in serious?

[negger0]

HOLD AIG TIL CHRISTMAS THEN RE-EVALUATE YOUR POSITION!!

[santa]

Liddy is “a brilliant financial strategist,” Robert Pike, a retired chief administrative officer told Bloomberg News. “He’s able to take an extraordinary amount of data and synthesize it, probably better than anybody I ever met.”

He is also single-minded about achieving his goals, said Pike, who reported to Liddy at Allstate.

Shortly before Liddy took over as CEO of Allstate, he told 200 managers that some of them would be gone in a year, according to a May 2005 Crain’s Chicago Business story which Pike confirmed to Bloomberg. Among those he axed were the finance chief and investment officers.

“Ed looked around and picked those people he felt would add value and complement their culture, and I think he did pretty damn well,” Pike said.

Liddy also has experience in mortgage insurance, a business that lost money for AIG for the last four quarters. He served as chairman of PMI Group Inc., the No. 2 U.S. mortgage insurer, in the 1990s. Mortgage insurers reimburse lenders when borrowers fail to pay their debts.