k9quaint

Crap. I liked Dark Sky. I actually downloaded it because Apple Weather predicted 50 degrees F and it turned out to be 30degrees F with another 30 windchill. Grats Dark Sky founders.

The article also glossed over the fact that AIG waited until there was an $85 billion dollar hole in their balance sheet to contact the Treasury/Fed about it. The article describes this as

"In fact, the relative health of its business may have fucked it harder than all those credit-default swaps—as one of the last institutions to run out of cash, it was also one of the last to start seeking a lifeline from foreign wealth funds. "

The size of that hole and the fact that it was needed in a few days time ruled out any merger/acquisition or selling off assets (which could take weeks to price).

Also, Vice should probably not treat Hank Greenbergs lawyer as the source of truth since he has a very clear economic bias to paint AIG in the very best of light. He stands to gain a percentage of a massive settlement if he wins.