3 ms·

The insurance part needs to run collaboratively across the whole country at least for the economies of scale to kick in. AIG are still a recognisable brand, and

The insurance part needs to run collaboratively across the whole country at least for the economies of scale to kick in. AIG are still a recognisable brand, and an insurance company of that scale is an incredible asset for a society to have (as are Allianz and AXA, etc...) Also, large insurance companies are incredibly complex, and take a very long time to build up. It would be very silly to let something like that go under for short-sighted reasons.

icelancer 13y ago
>Also, large insurance companies are incredibly complex, and take a very long time to build up. It would be very silly to let something like that go under for short-sighted reasons. I agree. AIG shouldn't have been so short-sighted. But since they were, they deserve to fail like every other business who doesn't adequately plan for the future. Oh wait.
protomyth 13y ago
"insurance company of that scale is an incredible asset for a society to have" Not when it means keeping the ill-handled, tax payer killing investment company. It failed and we did a massive disservice to the tax payers by keeping it open.