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American International Group, Inc. Message Board

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  • d_fens_usa d_fens_usa May 1, 2005 8:31 AM Flag

    Spitzer not sure where to turn

    World's largest insurance company will never collapse. Too much cash. Many good insurance companies within this conglomerate(Remember SunAmerica?). Enron was a company the world could live without. So was Worldcom. The world will struggle without AIG.

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    • Agree. Business does actually generate cash unlike Enron. However, if current/new customers start to shop business at more stable co.'s (those that have transparent financials), then AIG needs to generate cash in other ways. AIG may end up selling units and shedding employees, and worst case it would be a shell of its former self. Vultures will attack when AIG is down and start to take their business.

 
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