AIG CEO’s take on AIG and EU crisis

Great take of Benmosche

1. He is healthy and will stay in AIG as long as he is needed
2. He thinks Greek better stays in EU to avoid super-inflation disastor
3. He thinks EU better stays together and more discipline in order to be more competitive. The trade is easier in between the countries, if they are in the EU, they can just have a common currency. It is very hard to abandon this common currency.
4. AIG will buy back most common stocks from government as long as market condition is OK

 

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
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