Quote Originally Posted by uls View Post
Sir Mark T, i really do sound nutty huh? hehe

That's what they call those who got critical thinking.


Oh... talk about insurance... AIG wrote down $11B (credit default swaps) and posted a $5.3B loss on thursday.

well AIG is big so customers dont have to worry right?

Right.

YES, Maliit lang na loss ito, compared to the twin towers claim which has been fully paid. Trillions of dollars!
Nasa reconstruction stage na nga sila. This severely affected our future policy cover. Now everybody would have to apply for a seperate Terrorism Coverage if they want this included.
AIG will just take the loss divided between themselves. Kahit local insurance
co. kaya ito since there is reinsurance.

Pag nag general mobilization ang Philippine Army baka ubos na $5B within 6 months. Thats is when they will arm 600thou civilians to join the army.
Kaya nga ang hirap tanggapin na binabasura natin ang mga traditions natin para protectahan lang ang interest ng CAP. That co should be liquidated and the proceeds paid to its liabilities.

Until now we do not know what kind of animal this is.



I am sure the policy holders would not mind if they divide the golf fairways between themselves diba?