just for kicks, and asked them if I should find another insurance co. The rep said the Fed. gov gave them 85 billion to continue operation so it's business as usual. Way to go Fed gov!
52 week high/low around $70/$1 now around $5. Should I buy some AIG stocks or find another insurance co.?

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85 300D turbo pristine w 157k when purchased 161K now
83 300 D turbo 297K runs great. SOLD!
83 240D 4 spd manual- parted out then junked

Will there be a Management change....or will it be "business as usual"??

SB

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Diesels:
'85 300D, "Max, Blue Benz", 155K, 27.0 MPG
'84 190D 2.2, "Eva, Brown Benz", 142K, 40.2 MPG
'77 240D (parts car)
'67 Eicher ES 202 Tractor "Otto" (2cyl, Air Cooled, 30HP)
Gassers:
'94 Ford F-150, "Henry", 170K (300 Six) 17.5 MPG
'85 190E 2.3, 148K....Parts Car
'58 Dodge W300M Powerwagon (Flat Fenders) Less than 10 MPG

As I understand it, they have 2 years to use the money, so I think it is too early to tell how it's going to go for them.

If they make like the Titanic, you can always find another company....can't say the same for those with all their retirement invested in AIG

I sooooo glad that a "tax and spend" administration isn't in office

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Current Mercedes
1979 maple yellow 240D 4-speed

Gone and fondly remembered:
1980 orient red 240D 4-speed

Gone and NOT fondly remembered:
1982 Chna Blue 300TD

Other car in the stable:
2013 VW Jetta Sportwagen TDI / 6-speed MT

I doubt you could afford to pay them the 11.5% interest.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Then you just walk alway... Like everybody else...

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1983 123.133 California
- GreaseCar Veg System

Thats fine to, since we own 80% of the company. Garage sale anyone?

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Obviously most people don't understand the difference between a loan guarantee and a cash gift.

Just realize that government intervention essentially caused this mess, and I'm not too hopeful that further government intervention is going to get us out of it.

Cheers, John

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'98 E300TD (W210) | Sold 6/09 with 205k and counting
'04 VW Touareg V10TDI

When Crysler was going belly up, the Govt. bailed them out. but they paid it back. Lee Oacocca was running things back then and got Chrysler back on their feet.
Will it be so with this bail out????

Name something the Govt. hasn`t screwed up.

We have the best Govt. money can buy.

Charlie

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there were three HP ratings on the OM616...

1) Not much power
2) Even less power
3) Not nearly enough power!! 240D w/auto

Anyone that thinks a 240D is slow drives too fast.

80 240D Naturally Exasperated, 4-Spd 388k DD 150mph spedo 3:58 Diff

We are advised to NOT judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics. Funny how that works

There has already been a management change at AIG. They brought in the retired CEO of Allstate Insurance, Edward Liddy, to run the company through the liquidation period. AIG has to repay the loan, with interest, over the next two years, which means selling off chunks of the company pretty quick. The initial indication is that they will be keeping the core insurance piece of the company.