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Chapter 11 Option for AIG Financial Products Division

Paying these guys bonuses after collapsing the world economy is bizarre.  Now AIG claims they have a legal obligation and it will cost more in lawsuits if they don't.

This isn't rocket science.  AIG needs to spin off the financial products division into a company and take them into Chapter 11 to reorganize.   All contracts are then null.

Problem solved.  (o.k., it is simplistic, but there are solutions)

Comments

Michelle Boudreau

The late-2000s recession is a pronounced deceleration of economic activity in the industrialized world that was sparked by the outbreak of a financial crisis in 2007.

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