But they that wait upon the Lord shall renew their strength. They shall mount up with wings as eagles. They shall run and not be weary. They shall walk and not faint. Isaiah 40.31
Monday, February 23, 2009
AIG Vaporizes (Even More) Money
Reading between the lines this news report, I'm assuming that AIG has blown through $150 billion dollars and is out of airspeed, out of ideas. What to do? Head to the Fed for more cash.
The perfect definition of a zombie bank. The dead guy from "Weekend at Bernies" has a better chance of life than AIG. Why won't they just let these guys fail already?
3 comments:
The perfect definition of a zombie bank. The dead guy from "Weekend at Bernies" has a better chance of life than AIG. Why won't they just let these guys fail already?
P A T H E T I C
They have so many counterparty insurance contracts that it would implode the whole banking system. Way to go, AIG!
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