I’m just confused.. why is this being done? And how does it benefit? How does it hurt? Someone explain thank you!!
8 replies (most recent on top)
One is the good Company, the other is the Bad Company that doesn't make any profit in the last decade
It’s a giant scam from Pirate Pete to loot more money. Like others have said, it is to get a cash infusion to fund the scam a few more years so Petes crew can plunder a few more years till it all folds…
Everyone knows this….
@Chartis your name made me chuckle old timer!
Leave AIG, short the stock and buy back on the pennies. Collect your pension payment. If it could only be that easy.
It will be reminiscent of AIG after the bail out where every dollar, promotion and expense was scrutinized. If you lived through AIG post collapse you have an idea of what is coming.
Except the execs, they will still do fine because the government isn't going to stop their bonuses this time. The average employee will bear the brunt of this go around.
Top Executives need the cash infusion from L&R to GI, so that they can prop up GI until they retire.
L&R makes money, GI loses it. Let the good company thrive. Let GI sink or swim on it's own.
This is why GI is about to see some major changes. They are going to try to make a company with no arm or legs do the br---t stroke.
See the earlier post. Big capital injection to parent. Not much juice left in LR