AIG are criminals. When will they be arrested?
- Thread starter stock777
- Start date
There's a big difference between financial fraud and poor business skills.
Gee everyone seems to missing the real point here. Goldman is counterparty to most of AIGS crap. So Paulson is going to spend whatever he wants to make Goldman whole.
Int the late '70's, people hated and abolutely despised most corporations and their top con-men. That was a low point and good long term buying opportunity.
In the last few years, when many executives have been ripping off the country left and right, not with millions but with $BILLIONS, most people were in love with the market and the con-men. That turned out to be a huge selling opportunity.
In the last few years, when many executives have been ripping off the country left and right, not with millions but with $BILLIONS, most people were in love with the market and the con-men. That turned out to be a huge selling opportunity.
maybe they are but i was countering your point below. companies can screw up like CC, or aig. if its doing a crappy job selling TV's or if dealing with cdo's and subprime. just becuase your a finaince company and fail, does not make you a criminal automatically
"I'll help you out, you seem confused.
AIG created their own problems by gambling on toxic instruments, rolling the dice.
CC, the worst you can say is mismanagement, a different animal. AIG puts the entire system at risk. CC does not"
