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Alex Keyssar

Alex Keyssar

Posted March 18, 2009 | 11:38 PM (EST)

Humor from AIG?

Read More: Aig, Business News

Earlier this evening, I was standing at my kitchen counter, sifting through the mail and half listening to someone on television ranting about the AIG bonus scandal.

Then I noticed that I had received a postcard from AIG. One of those big, 5 by 8, slightly thick postcards. It was urging me to switch to AIG as my insurer. At the top of the card, in big bold letters, it said: "Five cars, four homes, three sculptures, two yachts, and just one organization to protect them all." That's quite a few more homes, cars, and yachts than I own, but I read on.

AIG promoted itself to me by pointing out that it had not only a "comprehensive array of insurance products" but also "unsurpassed risk management expertise." Apparently, the company believed that I was a "high net worth individual" (wrong!) who didn't read the newspaper, watch television, or listen to the radio. Or maybe they thought I was off living in one of my eight caves.

At the bottom of the postcard, the company signed off (again in bold letters) with its slogan: "we know risk."

I'm not making this up. You couldn't make this stuff up.

 
 
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02:42 PM on 03/20/2009
How is it that AIG is suing it's owner- the US government, for over $300 million??
How can they sue ANYONE???

No one in leadership has a pair of cojones.
12:56 AM on 03/20/2009
It is time to take the top executives of AIG and make them Good Humor Men, and stick popsicles in their mouths and send them on their way after we nationalize the darn company.

http://eye-on-washington.blogspot.com
12:32 AM on 03/20/2009
Haha, They sure know how to do humor!
09:18 AM on 03/19/2009
There is nothing wrong with bonuses but bonuses were paid on transactions that did not make money. When the company fails then they come to the public to be bailed out. The government has signalled that it will stand by AIG no matter what and the company may no longer be a going concern anyway. If a group of innercity kids can figure it out then I know adults can. To learn more go to http://www.newyorkshockexchange.com/content/view/79/37/
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HUFFPOST SUPER USER
LeftRight
TANSTAAFL
07:42 AM on 03/19/2009
Hey, they DO know risk!! They just don't know how to manage risk!!!
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HUFFPOST SUPER USER
mommadona
I paint. I blog. Therefore, I am.
12:48 AM on 03/19/2009
The new collectibles for the 22nd Century.
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HUFFPOST COMMUNITY MODERATOR
SCG
07:51 PM on 03/19/2009
Right up there with the Enron mug.