by John Darer CLU ChFC MSSC RSP
AIG’s nationalization was widely condemned as an egregious case of the “too big to fail” syndrome. It was also widely expected to be a disaster, in the sense that the company could never be restructured without huge taxpayer losses.
Well, don’t look now, but the AIG bailout is working, says Charles Lane, in the Washington Post opinion page on August 6, 2012. The government could be a minority shareholder by this Fall. Here is the full article
The Washington Post had previously opined on the AIG bailout as “a quiet success” on March 8, 2012.
This is an important read for those who:
- Have had reservations about insurance companies since the AIG bailout.
- Have had reservations about placing structured settlements funded with structured settlement annuities issued by AIG owned life insurance companies such as American General Life Insurance Company and Unted States Life Insurance Company in the City of New York
- Have existing structured settlements funded with either of the above life insurers, American International Life Assurance Company of New York or VALIC and have had any concerns in the last 4 years.
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