04-10-2009, 06:47 PM
macphanatic wrote:
[quote=Doc]
Who'd insure against the write-offs? AIG?
Note that AIG's insurance business is not only financially sound, but they have a huge surplus. The bailout was for the non-insurance side of the business (ie: mortgage backed securities, etc). In fact, the AIG property and casualty insurance companies may be the most financially sound insurance companies out there.
"Aside from that, Mrs. Kennedy, how was your day?"