Some Insane Facts about AIG!

[Gerry]

Got this from a recent Rolling Stones article.

I paraphrased it for emphasis but the bulk is all their figures.

Amazing! Incredible! Insane!

The latest bailout came as
AIG admitted to having just posted
the largest quarterly loss in
American corporate history
$61.7 billion.

In the final three months of last year, the company lost more than

$27 million every hour...

which equals

$465,000 a minute...

$7,750 a second.

Read that again...

The LARGEST BAILOUT (that's you and me)

resulted in the

LARGEST LOSS IN HISTORY

and it only took three months to do it.

It was like a funnel connected to the toilet.

Just got flushed away.




Aw, what the heck...it's all money that doesn't exist in the first place.

So let's give them some more​

 

[Albert Tai]

lmfao $7750 a second

thats ****ing crazy

oh wow...

 

[Gregcyber]

The Domain name.

 

[Vinternatt]

Rolling Stones article? Isn't it a magazine about music and entertainment? :S

 

[H2FC]

Whats even more amazing, incredible, and insane is that the big wigs of AIG would allow their company to be exposed to such huge losses....and then get the big bonuses for their lack of leadership.

 

[Theo]

Rolling Stones article? Isn't it a magazine about music and entertainment? :S

Rolling Stone is also commenting on social issues, politics etc. with a liberal approach.

 

[Gerry]

Rolling Stones article? Isn't it a magazine about music and entertainment? :S

Yes. And blatant no censured scum-sucking reporting.

As if the bailout was not entertainment enough?

Rolling Stone is also commenting on social issues, politics etc. with a liberal approach.

And have been for eons.

They are the Detroit Free Press of the entertainment business.

They are not some canned, prepackaged, all pretty and shiney Ooo-Ahh nightly gossip show.

The real point is, however, the money and how fast it is spent.

I was just giving credit where credit is due.

Anyone with a brain could use a calculator and figure up the tally.

Shame it was not blurbed by Rush Limbaugh because then, by dammit, it would have been the Gospel.

Then again, I did mention anyone with a brain.

I recant that earlier statement in light of new facts presented.

It should read,

Anyone with Half A Brain in order that we may include Rush Limbaugh in the same post, thread, page, forum, url, internet.

Whats even more amazing, incredible, and insane is that the big wigs of AIG would allow their company to be exposed to such huge losses....and then get the big bonuses for their lack of leadership.

They do not care. They will argue tooth and nail that 1.) they were promised it 2.) it is in their contract 3.)they deserve it.

Here is a test.

The actual figure of AIG bonuses was not $160 million but $218 million going to 73 people.

Now, figure up over the same period (round off to 90 days) how much 73 people made per hour, per minute, per second to be awarded those bonuses for losing the most money in history.

Formula:

218,000,000 / 73 = X/90 (number of days) = X / 24 (hours per day) = X / 60 (minutes per hour) = X/60 (seconds per minute)

Solve for X

What is your answer(s)?

 

[anatoly]

i am not surprised, AIG had a lot of debt that needed to be repaid which is why they got money in the first place.

 

[Tia Wood]

It seems like they should do what other companies do: reformat themselves for the times. Anyone know who the second giant is next to AIG that could have bought AIG?