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In the meantime, my assumption is that AIG sales have come to a complete halt over the past couple of weeks. Because it is very hard for me to imagine that there is even one AIG salesperson able to go out and pitch, let alone sell a single policy
under these circumstances. Do I need to say what this means for the rest of us? Well you guessed it. By the time Q1 results are announced, we better have bailout package #3 ready and gift-wrapped.
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Friday, March 20, 2009
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1 comment:
This, increasingly reminds me of Black wednesday when Soros trough the GBP out of the ERM. No matter how much they pump in they will not be able to prop it up.
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