James Early
speaker
617 appearances
9 recordings
1 series
first heard Apr 2009
last heard Nov 2009
James Early’s voice in public audio — every appearance, attributed to the second.
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Appearances
I mean, if you wanted to get rich quick, you bought AIG this week.
It was up over 80%.
Ironically, much of that gained before the announcement.
So I don't know what's going on there, but it's interesting.
Cash for clunkers?
A lot of wealthy people in the Treasury Department.
But perspective, they had a profit of $2 billion.
They took a total of $180 billion in government aid, including $80 billion in government loans.
So they've got a little while before they climb out of this hole.
I mean, I frankly have no idea how they're going to do it.
I mean, they sold some assets recently for about $2.5 billion, so maybe that brings down that debt a little bit, but...
It's a long way to go and they're not making that much money.
In fact, their core operations weren't that good.
These were mostly mark-to-market gains, which are just simply improvements in the value of existing assets AIG holds.
I mean, their core operations actually worsened.
You might get just as poor quickly.
Yeah, I mean, AIG is probably a great indicator of how other financials are doing, of sort of a proxy for corporate credit in America.
But I wouldn't use it for more than that.
Yeah, I don't think even there are grand designs just yet.
I think Google is just trying to stretch its reach as broadly as it can, like probably any company would, like Microsoft did.
Showing 161–180 of 617 · page 9 of 31
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