Tuesday, September 16, 2008

$85 Billions

The running scared Bush government just provided $85 Billions to AIG. Do we believe that a company can be worth that much money?  If you make $100 hundred salary (a nice salary in our market), you will make a million dollars in 10  years. That's a drop in the sea of $85 Billions.

I believe that the number doesn't reflect the actual needs of AIG. Some of this money probably goes to top management and other relief involved leaches.

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