AIG

[Guest]

Re: What are you doing with clients w/ AIG policies?

Met has an external term conversion program which might be an option for your "unsettled" AIG term clients. Lincoln has one also.

Your GA should be able to help you with these or get you the guideline docs. Not everything can be converted but the Met plan is pretty liberal and it is the one I'm telling clients about when/if I come across an AIG term holder who expresses concern about safety of their plans.

I tell them that TTBOMK AIG term plans will be fine and there is nothing to worry about... but if they want total "sleep at night" assurance and a complete "guarantee" then they should give some thought to moving to Met instead of converting with AIG... if perm conversion is something on the near horizon.

Al

 

[STIBROKER]

this is going to be interesting....stock dropped to 3.02.....at one time this week it was up to 5.6......I think if they drop all the dead weight and get back to insurance and the stock will stabilize....

 

[Franz Kafka]

this is going to be interesting....stock dropped to 3.02.....at one time this week it was up to 5.6......I think if they drop all the dead weight and get back to insurance and the stock will stabilize....

The stock has nothing to do with fundamentals at this range. It's a pure daytrading stock for now. The gap at 2.70 has to be filled. Again it's pure daytrading until it "settles" with some news. JMO

 

[retread]

Re: AIG looks like it heading for BK if they can't raise 75 Billion

Ron Paul has the real solution & you hit the nail on the head.

Man, oh man! I had my head in the sand when this guy was running for Pres.... He has the best read on this situation I have heard yet.

Unfortunately, he did not make it to the run-offs. At this point, our only hope is McCain gets educated about this. He has been too indecisive about what needs to be done.

Sandy Praeger, the KS Commish that is Pres of NAIC, put out a statement that AIG's 71 insurance companies are all solvent on 9/18. I agree with Ron Paul... let them liquidate these failing entities. Sell off the assets and get it over with.

I am convinced that the hysteria being whipped up about necessary bailouts is strictly to subsidize certain fat cat's portfolios, and not in the best interest of the country as a whole.

Franz is correct, too. The bouncing stock price of AIG is due to day traders trying to dribble down court and rake in as much on volatility as they can.