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AIG Posts Record Q4 Loss, Gets Extra $30bn Bailout
Troubled US insurer AIG has reported a $62bn loss for the fourth quarter of 2008 - the largest such loss in corporate history. "The insurance giant, one of the highest profile casualties of the credit crunch,...
created by Rachel Nixon | 42 wks ago | updated 42 wks ago
197 views | 28 recommendations | 7 comments
197 views | 28 recommendations | 7 comments
Behind Insurer’s Crisis: Caught in a Web of Risk
The article below discusses the fragile nature of the existing credit system, though maybe it's too early for a post-mortem when the patient is still thrashing on the operating table. While the mortgage crisis...
created by Jordan Yerman | 1 year ago | updated 1 year ago
109 views | 25 recommendations | 4 comments
109 views | 25 recommendations | 4 comments
Wall Street: 20 Billion Dollar Bail-out for AIG
American International Group, Inc. (AIG), the insurer at the center of the troubled Wall Street financial system, is bailed out by New York State Governor Paterson, who directed a one-time lifting of state...
created by Rhonda J Mangus | 1 year ago | updated 50 wks ago
808 views | 28 recommendations | 9 comments
808 views | 28 recommendations | 9 comments
Leading American Insurer AIG close to bankruptcy
Leading American Insurance company American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its... Texas Coast Faces Massive Recovery After Hurricane Ike
After the storm had passed, rescue operations to reach those affected by Hurricane Ike finally began on Monday to survey the damage and evacuate survivors. "More than two days after Hurricane Ike slammed the...
created by Jarrett Martineau | 1 year ago | updated 1 year ago
2678 views | 38 recommendations | 10 comments
2678 views | 38 recommendations | 10 comments
Science Proves Exotic Cars Turn Women On
This research proved... nothing to me. It is stating something that most people already know, but then now we have it proven on a scientific level. Who wouldn't want to drive a Lamborghini or a Ferrari. In spite...American 'Meltdown' is the Reason for the Money Injection by Fortis
""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...Tax survey reveals resentful British
I find it hard to believe 56% of people in the UK did not know what income tax bracket they were in."Eight out of 10 Britons think they are paying more tax than they were five years ago, with nearly half blaming the rise on stealth taxes, a survey showed today.Around 81% of... Financial Services Bloodbath
The NYTimes warned of the impending crisis in Credit Default Swaps this weekend. According to their piece:"Few
Americans have heard of credit default swaps, arcane financial
instruments invented by Wall Street about a decade ago. But if the
economy keeps slowing, credit... Who Killed Nataline Sarkisyan Cigna?
Maybe the person who made the decision to not help this
girl should be arrested for negligent homicide. Their names should also
be published and Cigna held to account. This isn’t an episode of Scrubs
this is... Pay more for health insurance if your blood pressure's high
Imagine a health insurance plan that forces you to have monthly blood pressure tests - and every time your BP goes up, so do your premiums.This is not just a fantasy. Many insurers are beginning to offer...
created by Actual News Geezer | 2 years ago | updated 2 years ago
1243 views | 10 recommendations | 5 comments
1243 views | 10 recommendations | 5 comments
Experts Unveil Plan To Boost York City
"Plans to revitalise York's economy have been unveiled in a report prompted by heavy job losses in the past year. The Future York Group was set up by the city council after chocolate makers Terry's and Nestle, insurer Norwich Union and British Sugar announced cuts. The...
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