A bit after the Northridge quake in...

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A bit after the Northridge quake in...

alcaray — 3/30/2009 4:14:16 AM (archived)

...uhhh mid-90's... a certain major California insurance company found that it had not managed its risk properly and faced a collapse. Too many disbursements to make in too short a time. AIG stepped in and gave that company a lot of money to keep it afloat. AIG demanded a lot of things in return. And yes, there were changes in management.

The whole thread (30 posts)

Obama forces GM CEO out of job - TB - 3/30/2009 3:25:46 AM
- He signs the paychecks, doesn't he? - ER - 3/30/2009 11:23:54 PM
  - After GWB, Conservatives do NOT want judgement based on performance. - Bowser - 3/30/2009 11:52:19 PM
    - "Conservatives"? There you go again. (n/t) - Ronald Reagan - 3/31/2009 1:26:36 AM
      - Nothing to be proud of, is it? (n/t) - Bowser - 3/31/2009 2:08:47 AM
- Often happens after poor performance. Look at last elections. (n/t) - Bowser - 3/30/2009 4:55:41 PM
  - The CEO can take advantage of a Federal job retraining program. - ER - 3/30/2009 11:32:42 PM
- Details of the Obama plan - TB - 3/30/2009 4:54:35 PM
  - And more: - TB - 3/30/2009 7:07:54 PM
    - Still more: - TB - 3/30/2009 7:14:07 PM
- Damn Good Idea. The USA should get rid of the incompetents who caused the problem - David F Mayer - 3/30/2009 3:05:29 PM
  - Wake up. - TB - 3/30/2009 3:11:05 PM
    - Sorry, but GM BEGGED for the bailout, which amounted to sale to the Federal goverment. - David F Mayer - 3/31/2009 11:49:24 AM
    - It was never run by engineers. - ER - 3/30/2009 11:12:40 PM
    - Isn't it interesting - McFly - 3/30/2009 11:10:23 PM
      - And "trust us". That's right, just trust us. Trust us some more. There you go. Trust. - Bowser - 3/30/2009 11:55:31 PM
- A bit after the Northridge quake in... - alcaray - 3/30/2009 4:14:16 AM
  - You don't see any fundamental difference? (n/t) - TB - 3/30/2009 1:30:16 PM
    - And the difference should be no strings attached when it's a government bailout? (n/t) - Buck Galaxy - 3/30/2009 3:23:35 PM
      - re: And the difference - TB - 3/30/2009 3:29:30 PM
        
        Why? - Tony - 3/30/2009 6:10:15 PM
        
        Yeah, it's not like the US auto industry is such a big moneymaker. (n/t) - ER - 3/30/2009 11:26:16 PM
        
        What are they going to do with the power? Hang on to it. - TB - 3/30/2009 7:38:34 PM
        
        The terrible thing, thought Tony, the terrible thing was that when TB posted this he would believe it (n/t) - Tony - 3/31/2009 11:49:30 PM
        
        So you say. (n/t) - alcaray - 3/30/2009 3:49:47 PM
  - The Golden Rule. - Bowser - 3/30/2009 4:57:49 AM
    - Exactly. And if it is taxpayer money, should we not get something in return? (n/t) - alcaray - 3/30/2009 8:37:03 AM
      - Like a back-breaking debt burden for the grandkids? (n/t) - The Silent Majority - 3/31/2009 1:35:42 AM
        
        No, like continuing employment, and a way out of this recession. (n/t) - alcaray - 4/1/2009 12:20:35 AM
      - It's called "downsizing". What a concept. (n/t) - ER - 3/30/2009 9:34:05 AM

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