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Wheelin and Dealin'
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September 16th, 2008 12:37 PM #11Alanga they will say they are in trouble. Lehman Brothers, Bear Stearns, Countrywide Financial all said they were ok and there was nothing to worry about then BAM! The safe bet is just to get out of AIG you have nothing to lose but the hassle if they continue to survive.
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Tsikot Member Rank 4
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September 16th, 2008 01:16 PM #12ya alangan naman sasabihin nila they are in trouble.
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hindi ba mas nakakatakot if your parent company is in trouble?
i mean, i think it's better to have a strong parent company with a failing subsidiary, than a strong subsidiary with a failing parent company.
A strong parent company can always bail out the subsidiary.
The subsidiaries of AIG are now being tapped by the parent for capital.
--------NEW YORK (AP) — New York's governor says he will allow American International Group Inc. to use $20 billion in subsidiary assets to provide the cash needed for the troubled insurer to stay in business.
Ya... and AIG had a market capitalization of more than $160B. Now it's worth less than $15B.PAMI is the second-biggest mutual fund management company in the Philippines, with around P19 billion assets under management.Last edited by uls; September 16th, 2008 at 01:29 PM.
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Tsikot Member Rank 8
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September 16th, 2008 01:26 PM #13May educational plan anak ko sa PhilAm. I-withdraw ko na ba ito?
Yung AXA and Manulife, wala kayang problem?
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Tsikot Member Rank 8
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September 16th, 2008 01:42 PM #14May educational plan anak ko sa PhilAm. I-withdraw ko na ba ito?
Yung AXA and Manulife, wala kayang problem?
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Tsikot Member Rank 4
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September 16th, 2008 01:46 PM #15Don't know...
can't say... i'm not qualified to answer...
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all i can say is AIG is desperate...
and it was given the go ahead by regulators to raid its subsidiaries...
If AIG raids Philam's piggy bank, Philam is screwed.Last edited by uls; September 16th, 2008 at 01:53 PM.
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Tsikot Member Rank 3
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Tsikot Member Rank 8
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Wheelin and Dealin'
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Одна из черт возьми
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September 16th, 2008 02:13 PM #19tingin ko its too premature to react on AIGs effect on Philamlife. They have reserves naman to back up insurance sales, and their funds are invested locally.
besides, Philamlife is the biggest life insurance in the Philippines. Pag yan ang bumagsak, babagsak ang buong local insurance industry, which i doubt the Insurance Commission will be allowing.
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Tsikot Member Rank 4
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September 16th, 2008 02:22 PM #20uunahin muna siguro ng AIG ang mga subsidiaries niya sa States before looking towards subsidiaries outside.
AIG is badly in need of cash just to finance its day-to-day operations.
That's how bad things are.
By David S. Hilzenrath And Zachary A. Goldfarb
Washington Post Staff Writers
Monday, September 15, 2008; 6:49 PM
New York's governor said his state will allow AIG, the nation's largest insurer, to use $20 billion from its own insurance subsidiaries to ease a financial crunch.
By posting the assets as collateral, AIG can borrow money to run its day-to-day operations, Gov. David A. Paterson (D) said at a news conference. The move required special dispensation from the state regulator responsible for protecting the stability of AIG subsidiaries in New York and their policyholders.Last edited by uls; September 16th, 2008 at 02:26 PM.
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