...unless you happen to be an insurer named AIG.

Genuine text:

Between the lines:

"We are the best in the world! We are best in the world! Fed Fund futures - kiss our assess!! We have beaten the financials!! It is completely unbelievable! We have beaten the financials!! Kerry Killinger, John Thain, Chuck Prince, Jimmy Cayne, Stanley O'Neal, Dick Fuld - we have beaten them all. Hank Paulson can you hear me? Hank, I have a message for you in the middle of the election campaign. I have a message for you - isn't 2% enough?! We aren't Wall Street's pension plan! Hank Paulson, as they say in your language in boxing bars around Madison Square Garden in New York: your boys took a hell of a beating! Your boys took a hell of a beating!"

This may make some sense to anyone who has heard of Bjørge Lillelien and his piece of commentary, now folklore for (round) football fans, of Norway beating England 2-1 in 1981 (see clip below).

In the meantime, markets look to Hank Greenberg (b. 1925) and his proxy fight story (pending the Fed's say on the matter). Which may have some of his old AIG actuaries reaching for their longevity calculators.

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  1. Frank Miller // 9/18/2008 03:30:00 AM

    Another piece of bad news and more is coming with WAMU. Everyone should recognize this as the time to protect your money. I personally use offshore bank accounts and they have helped me with asset protection and diversification. If you would like to learn more, you are welcome to visit my site.

    Frank Miller

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