Thursday, March 26, 2009

Great job, Congress

More AIG grief, via Megan McArdle.
Two executives at Banque AIG, the French subsidiary of AIG's financial products group, have resigned. There's been talk in recent days that a major departure at the subsidiary could be a disaster, because it risks triggering cross-default provisions in various AIG contracts. I'm tempted to say that this would send the company into a downward spiral, but then what are we in now?


Post a Comment

<< Home