“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 - "Only 370 points..."

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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bradykp
bradykp
Thursday, October 9, 2008 11:16 am

[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
strand tramp
Thursday, October 9, 2008 11:10 am

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

bradykp
bradykp
Thursday, October 9, 2008 10:10 am

[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
strand tramp
Thursday, October 9, 2008 9:59 am

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

sullyx
sullyx
Thursday, October 9, 2008 9:57 am

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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