View Single Post
  #59   Report Post  
Posted to rec.crafts.metalworking
F. George McDuffee F. George McDuffee is offline
external usenet poster
 
Posts: 2,152
Default An insane sentence

I don't believe this can be happening.....

------------

AIG's Liddy Says $122.8 Billion U.S. Loan `May Not Be Enough' By
Hugh Son Oct. 23 (Bloomberg) --

American International Group Inc., the insurer bailed out by the
U.S., may need to borrow more than the $122.8 billion already
offered by the government if capital markets don't improve, said
Chief Executive Officer Edward Liddy.
snip
``One of the lessons from the savings and loan crisis is that
firms that were going under forestalled the recognition of how
severe the problem was through accounting, and with the
cooperation of regulators,'' Bergman said. ``I certainly hope
that's not happening with AIG today.''

AIG's losses have led to the ousters of two CEOs, Martin Sullivan
and Robert Willumstad, in the last five months.
snip
---------------
for complete article click on
http://www.bloomberg.com/apps/news?p...Kyw&refer=home

And the band played on ......


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).