Quote:
Originally Posted by tabs
Your thinking is too static. The FED got a "solvant" company for their money. One with a Trillion in assets.
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I watched Hank Greenberg on Charlie Rose last night. He mentioned that AIG as a whole is a very solvent profitable company, with a trillion in assets.
I haven't been following it super closely, and don't understand the intricacies of what AIG even is (an insurance company? a holding company? etc.).
But if they are truly solvent and profitable, with a trillion in assets, why do they need an $85B bailout. Why not just draw down on some of their trillion in assets?