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Perhaps I'll eventually get around to starting a thread about sales and how to be good at it, what it entails and how to deal with sales people when you're not one. That's a big effort, and I don't want to derail this further.
Back to AIG, it looks like the new loan will eat up a portion of the expected returns on some of the assets that are going to be sold. They're still talking about keeping the core insurance piece together, but there are rumblings that some of them may be sold off, which would be extremely interesting when it comes to the insurance marketplace.
If anyone's paying attention, XL, Hartford Life (maybe all of Hartford) and Munich Re all could be going down in the near future. XL went from trading at $40 at the beginnng of the year to under $4 yesterday. They bounced back to $5 today, but that's probably short-lived. They were downgraded from A+ to A at the end of August, and if they drop below A-, they're dead since none of the big agent/brokers will be able to deal with them.
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"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - B. Franklin
"There ought to be limits to freedom." - George W. Bush
"We have met the enemy and he is us." - Pogo
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