AIG: A class discussion

Crystal, Thank you, and name change is a powerful tool for positioning or hoping to shed a bad name. It is much like the signs you may have read that say under new management. I have been evolved in marketing before but not at the level or conceptual ideas that this course is bringing to the table.

My parents but mostly my grandparents where a witness to our first great depression that lasted for a decade. So what has been happening in our society as of late strikes much interest in me and I want to know why things failed and what can be done to correct and insure this does not take place again.

Interestingly enough AIG is playing the hand as business as usual and Government is reluctant to do anything because then they would be assuming power into the private sector which has constitutional considerations.

However, for a business to change their name as you so keenly mentioned in your post the name change should come with a ratified or an entirely new business plan. When it is reported that AIG made 4.8 billion last quarter my first question to myself was what about the debt to the people our Government. What is the pay back structure or is this free money given for a company that has in countless cases harmed us.

I say that AIG you may have changed your name back to the prior one but you have not changed the way you are doing business you fail to realize by turning your nose up at the Government you are doing this to every American. \

AIG is so large that they effect other nations economy, but they are not seen in good light in other countries as well. Germany accused us of poor over site of such a large and powerful company asking questions to our Government where were the regulations?

The name AIG will live in infamy as the company who defied the world with its greed. And if not changed in their business practices to honer moral and ethical issues justly then they will eventually fall to dust.

Below is a reference to Germany's view of our financial crisis.
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Reference:

Ambrose Evans-Pritchard, Financial Crisis: US will lose superpower status, claims German minister,

retrieved from Telegraph.co.uk on August 1, 2009.