Dead Corp. Walking

Right now, AIG, the bloated company that specializes in selling insurance and losing money (although not in that order), has a market capitalization of just over $1 billion.

The U.S. government has already poured in $162.5 billion, with more to come.

Why don’t we just nationalize this zombie company, buying shares at a premium of $2 billion or so? Then we can decapitate the morons that were running the show from the rest of the business (and possibly prosecute them) and clean AIG up, split it into functional several companies, and resell it, rather than just trying to put out a fire with cash and more cash.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: