AIG May Need More Government Money

[Me.]

AIG Q4 Earnings: Insurer Lost $8.87 Billion, May Need More Government Money

“CHARLOTTE, N.C. — AIG said Friday it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and it ran up expenses from paying back government loans.

The troubled insurer also said in an annual regulatory filing that it may need additional support from the government. However, AIG has included such warnings in past filings with the Securities and Exchange Commission.

The fourth-quarter results were an improvement from the $61.7 billion AIG lost in the year ago period, but they were worse than analysts expected. They also followed two straight profitable quarters.

The company reported a 2.2 percent drop in new premiums in its Chartis general insurance business, compared with a year earlier, and attributed the slide in part to the weak economy. It also had lower sales in its life insurance division.” Cont…

http://www.huffingtonpost.com/2010/02/26/aig-q4-earnings-insurer-l_n_477915.html

[ixion]

1. Well, the poor babies, they need to have something to cover all that bonus money

they paid out. :grr: :argh:

http://news.google.com/news/search?aq=0&pz=1&cf=all&ned=us&hl=en&q=aig+bonuses&oq=AIG+b

[Toots]

2. Pretty close to the amount they paid in Bonuses isn't it?

:shrug: I'm sure if Geitner has anything to say about it they will get whatever they want.

[Bluebear]

3. Oh, well, by all means.

:silly:

[LiberalFighter]

4. AIG received bonuses? Now they want more bailout?

These financial and insurance institutions really need to be reigned in properly.

[nc4bo]

5. Too big to fail. Time to print up some cash.

If they get what they want, where's the money to come from?

jeez.

[Bluebear]

7. But people aren't too sick to die. Or too jobless to lose their homes. Or, or, or.

[spanone]

6. if my business fails, i'm out of business.

[marmar]

8. Time to cut this welfare queen's benefits off.

nt

[madmax]

9. Enough, let them fail.

Until they stop rewarding themselves for failure. Sick and tired of bonus payments and other shit they don't deserve. I still can not understand the salaries these bastards get. Notice I wrtoe 'get' not 'earned'. WHO IS WORTH MILLIONS IN SALARY A YEAR??? Plus more in bonus money? NO ONE, that's who. imo.

[HughBeaumont]

14. You JUST don't understand!11!!!! They're TALENTED!!!1!!1!

THAT'S why they gets the muneee they does . . . it'z becaawze they haves the BRAINzZ and they werk HARDSER than us!!!!1!

:sarcasm:, if it really needs to be said.

Gee, I wish I could get a lottery a year no matter how good or bad I do in life. Hmmmmmmmm, why does THAT sound familiar . . . OH YES! It's the exact same thing the GOP says about poor or unfortunate people.

They say "W'aaall, if you have guaranteed income or entitlements, where's th' lazy bum's incentive to do any better??" Yet the CEO Runaway Salary/Bonus/Perk train regardless of performance is perfectly O.K. with them and they don't see the disconnect.

[madmax]

18. You nailed it with the last paragraph.

I can understand those who stand to lose would naturally gloss over this but, how do 'regular working republicans' justify this bullshit. I hate to say they're stupid but...

[saltpoint]

10. MIght they indeed.

We tell teenagers that in trade for an allowance for pizzas and films they are expected to take the trash out, keep their rooms tidy, and help with the dishes.

I say we draw up a chore chart for these high-rolling whores and make them stick to it.

[Captain Hilts]

11. Then I INSIST Manchester United put the Dept. of Treasury logo on their shirts. nt

[Donnachaidh]

12. we can't extend UI benefits but we can give THESE crooks more money -- uhh NO

Shut it down, break it up, and go after the ones who put together the swaps that caused the economic meltdown. JAIL time for ALL of them!

[SOS]

21. In the words of Sen. Bunning (R-KY) as to extending UI:

"Tough sh*t"

That's the perfect response to AIG.

Let them go under.
Enough with these looters already.

[Donnachaidh]

22. Bunning actually said that?

:wow:

[Subdivisions]

13. This will not stop until they FAIL! LET THEM FAIL! n/t

[rug]

15. Stupid criminals get caught when they return to do it a second time.

[City Lights]

16. Fuck 'em!

Pull yourselves up by your own bootstraps!

[Earth Bound Misfit]

17. This should turn out well.

:crazy: :silly: :sarcasm:

[dkf]

19. I wonder how many credit default swaps they wrote on Greece?

[NightWatcher]

20. I'd bet vital parts of my anatomy that they'll get every penny they ask for

and then bonuses for working so hard