Already on ArticleSlash?

Forgot your password? Sign Up

AIG - Is Our Auto Insurance, Life Insurance, Health Insurance and Title Insurance at Risk?


Visitors: 412
 1 vote

Everyone knows that the insurance giant AIG had an incredible collapse that few people really knew that was coming, even in the insurance industry but there were many warning signs that were there for company officials as well as employees but they chose not to listen.

According to the House select committee on oversight which did a study on AIG's downfall the writing was on the wall. Regulators have warned them five months in advance that they are was something fishy going on in the company's books but AIG's officials apparently didn't pay much mind to it. It looks to me that AIG's executives did the same thing that many Internet stock companies did before the collapse the stock market in the year 2000. I think that these problems could be solved in the future if our government put more stringent regulations and oversight in place to make sure that AIG's top brass invested their side cash wisely and not into very risky investments like commodities, energy and currencies. I mean yes, this side of their business was working magnificently for a good amount of time but this gravy train was bound to get short and run out of gas. If AIG would have focused most of its time and energy into focusing on its core business which was insurance then it would have never left itself wide open for this crash. This crash made the Enron crash look like a day in the park. All of this came about because of the greed of its top brass which make all of these risky investments and left its core business wide open for a knockout punch.

This all goes back to oversight. The Bush administration relaxed a lot of the regulatory factors on Wall street and many companies took advantage of this. Hopefully president elect will learn from the big mistake that the bush administration made on oversight over the business and investment practices of these top executives and force these companies to make the top CEO's work for its investors instead of just for their own pocket books. Now while i favored the bailout this time, it sure better not happen again. Fool me 3 times, shame on me. It is up to us, the American citizens to make sure that things like this dont happen again by making our voices heard by emailing our congress and through protests.

I love writing about anything that is related to Title insurance or getting the best auto insurance quotes for your hard earned money.


Article Source:

Rate this Article: 
Lower your Auto Insurance Premiums by making use of Free Auto Insurance Quotes
Rated 2.0 / 5
based on 1 vote

Related Articles:

Colorado High Risk Car Insurance 3 Ways to Find Cheap Colorado High Risk Auto ..

by: James J. Robinson (July 09, 2008) 
(Insurance/Car Auto)

Bailing Out Fannie Mae and Freddie Mac? Will it Affect Home Insurance and Title .

by: Bob Randooke (November 22, 2008) 
(Insurance/Home Owners Renters)

Cheap Texas Auto Insurance Rates TX Auto Insurance Discounts and Other Money ..

by: James J. Robinson (June 18, 2008) 
(Insurance/Car Auto)

Auto Insurance for Travelers to MexicoInsurance, health, life, car, auto, ..

by: Khan Gee (September 22, 2010) 
(Insurance/Car Auto)

Do You Want To Pay Less For Life, Auto, Health And Home Insurance? Then Read ..

by: Chimezirim Chinecherem Odimba (February 25, 2008) 

Make Auto Insurance Discounters Give You a Discounted Auto Insurance Rate

by: Terry Schierer (June 22, 2008) 
(Insurance/Car Auto)

Auto Insurance Rate Quotes - Does Your Zip Code Affect Your Auto Insurance ..

by: Ricky Lim (October 21, 2008) 
(Insurance/Car Auto)

Online Auto Insurance Rates: Pick the Most Suitable Auto Insurance Policy

by: Richard Veltri (April 10, 2010) 

Choosing Auto Insurance Made Easy With Auto Insurance Quotes Online

by: Michael Fernandes (July 04, 2011) 
(Insurance/Car Auto)

Lower your Auto Insurance Premiums by making use of Free Auto Insurance Quotes

by: Richard Veltri (June 05, 2010)