Article

2008-10-04 Home Front Economy

AIG to keep core business but sell assets to repay US loan

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by lotp 2008-10-04 00:00|| || Front Page|| [5 views ] Top

#1 AIG to keep core business but sell assets to repay ~~US loan~~ Nancy Pelosi

There, fixed it for ye.

Posted by Alaska Paul 2008-10-04 13:23|| 2008-10-04 13:23|| Front Page Top

#2 Repaying is very good.

Posted by trailing wife">trailing wife 2008-10-04 18:33|| 2008-10-04 18:33|| Front Page Top

#3 Who's gonna buy them?

Posted by Barbara Skolaut">Barbara Skolaut 2008-10-04 20:06|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2008-10-04 20:06|| Front Page Top

#4 I have AIG coverage (via their absorption of 21st Century Auto coverage). My previous company was well-behaved, well-represented, that said, I'll be looking to
AAA for my future coverage

Posted by Frank G">Frank G 2008-10-04 20:11|| 2008-10-04 20:11|| Front Page Top

#5 Who's gonna buy them?

AIG isn't up for sale. They're selling off assets like other insurance companies they own and their aircraft leasing business.

Posted by Mike N. 2008-10-04 21:15|| 2008-10-04 21:15|| Front Page Top

#6 That's what I was asking, Mike - what did they have to sell. Thanks.

Why would an insurance company have an aircraft leasing business? (In this case, rhetorical question.)

Posted by Barbara Skolaut">Barbara Skolaut 2008-10-04 21:24|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2008-10-04 21:24|| Front Page Top

#7 Insurance is just a specialized financial business, one that runs on being able to balance cash flows in and out at time periods from tomorrow through decades in the future. Buying air planes gives them a way to invest their cash that yields pretty predictable income streams back at fixed times. GE's Capital Solutions subsidiary made a lot of money for investors by doing the same thing, not only with planes but with other heavy equipment etc.

Posted by lotp 2008-10-04 22:07|| 2008-10-04 22:07|| Front Page Top

23:47 Barbara Skolaut
23:43 L1011
23:29 L1011
23:28 Anonymoose
23:13 Frank G
23:03 L1011
22:38 Barbara Skolaut
22:38 mhw
22:33 Wholuting Sinatra6213
22:28 Tranquil Mechanical Yeti
22:23 rammer
22:17 lotp
22:13 Barbara Skolaut
22:07 lotp
22:09 James Watt
22:08 L1011
21:59 lotp
22:00 tipper
21:45 rjschwarz
21:42 rjschwarz
21:41 rjschwarz
21:34 Cherelet and Tenille1095
21:25 trailing wife
21:24 Barbara Skolaut