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From the Balcony

When Reality Beats Everything Else

Friday, March 20, 2009

When Words Fail Us

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We know that the Balcony's promise is smart comments about unbelievable stories. But sometimes we just come up short. The story itself is so strong that any comment won't do it justice.

So here it is mot-a-mot from today's NYTimes:
A.I.G. is effectively suing its majority owner, the government, which has an 80 percent stake and has poured nearly $200 billion into the insurer in a bid to avert its collapse and avoid troubling the global financial markets. The company is in effect asking for even more money, in the form of tax refunds. The suit also suggests that A.I.G. is spending taxpayer money to pursue its case, something it is legally entitled to do.
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Heckled by Statler at 5:51 AM

2 comments:

Anonymous said...

hey it's me. I am just testing

March 20, 2009 at 8:29 AM
Statler said...

Welcome onboard...

March 20, 2009 at 8:31 AM

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Two corporate sector veterans (although the picture maybe a little predated) watch in awe "From the Balcony" as the world is falling apart.

True stories from Finance and beyond, that no one could possibly make up, and would normally leave the rest of us speechless, along with comments in the immortal spirit of the legendary Waldorf & Statler.


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