“Only 370 points…”

10/7/2008:

“In the long run, this economy will be just fine” is what George Bush said yesterday about Monday’s roller-coaster Wall Street Ride.

hoboken-wall-street-finance-bailout.jpg

As of this writing (5:04am) – I overheard the TV news in the background saying that the London Markets started out a bit higher – but have fallen since…

{democracy:191}

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55 Comments on "“Only 370 points…”"

bradykp
Member
bradykp

[quote comment=”110858″]AIG is a vast holding company, but their primary business is insurance, and the life division is 48.6% of their revenue.[/quote]

yeah, well this kid is in the life division, and he’s worried about his job because they are selling it. i don’t really know much more than that. i assumed you guys would. i haven’t really followed it.

strand tramp
Member
strand tramp

AIG is a vast holding company, but their primary business is insurance, and the life division is 48.6% of their revenue.

bradykp
Member
bradykp

[quote comment=”110825″]did you say AIG had announced the sale of “their insurance unit”? do you know anything about the company beyond the stock symbol?[/quote]

second hand information, that’s why I asked. my coworker’s brother works in the accounting department there and called him in a bit of a panic the other day thinking he’d lose his job. i just asked my coworker, it’s their “life” insurance unit….does that sound right?

anyways, i was just asking a question

strand tramp
Member
strand tramp

did you say AIG had announced the sale of “their insurance unit”? do you know anything about the company beyond the stock symbol?

sullyx
Member

no brady, they said they were going back to their core business [which is insurance] and shedding the entities they had picked up over the past number of years.

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