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(Yahoo)   AIG loses $7.9 billion   (finance.yahoo.com) divider line
    More: Facepalm, Chief executive officer, Executive officer, American International Group, Insurance, adjusted accident year, sale of a majority stake, second-quarter loss, business of runoff policies  
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902 clicks; posted to Business » on 04 Aug 2020 at 12:15 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



12 Comments     (+0 »)
 
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2020-08-04 11:22:58 AM  
Also known as a Good Start.
 
2020-08-04 12:18:23 PM  
Sequels usually suck.
 
2020-08-04 12:50:38 PM  
ha, just wait, it is going to get much much better. Or worse, depending on your perspective.
 
2020-08-04 1:13:53 PM  
One really has to hand it to AIG.  I'm sure it must be pretty tough to beat out vampire squid investment banks and Wall Street, but to also top war profiteer Halliburton, uber polluter BP and the most cablest of cable companies, Comcast, as the most hated company in America, but somehow they did it.
 
2020-08-04 1:42:52 PM  
Bailout number 2 coming
Damn it's good to be a gangster!!
 
2020-08-04 1:48:32 PM  
Meh. It was always going to be a bad quarter and investors knew it, so they decided to cram all the bad stuff they could into it. Now they have a bunch of garbage off their books going into the next quarter so it will look relatively good.
 
2020-08-04 2:18:29 PM  
Is this 2008 again?
 
2020-08-04 2:25:44 PM  
"Adjusted net income" HAHAHAHAHAHAHAHAHAHAHAHA!!
 
2020-08-04 5:20:37 PM  
Not this shiat again
 
2020-08-04 9:31:16 PM  
How come I can't write off losses like this? I thought "Corporations are People?"
 
2020-08-04 10:21:51 PM  

dywed88: Meh. It was always going to be a bad quarter and investors knew it, so they decided to cram all the bad stuff they could into it. Now they have a bunch of garbage off their books going into the next quarter so it will look relatively good.


so that explains why the stock fell 5% today?
 
2020-08-04 10:44:17 PM  

dumbobruni: dywed88: Meh. It was always going to be a bad quarter and investors knew it, so they decided to cram all the bad stuff they could into it. Now they have a bunch of garbage off their books going into the next quarter so it will look relatively good.

so that explains why the stock fell 5% today?


Yes, they decided to take a bigger hit now in order to avoid a big hit in the future.

I didn't say it was good, but it isn't nearly as bad as if they lost that much in ordinary operations.
 
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