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Cant get ny head around this one!

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Super Contributor
Aig losses = $61 Billion during the last quater, now with 60 working days that = $ 1 billion a day or 10 thousand million Rand a day. or 1.1 billion rand an hour loss, taking a 9 hour working day. HOW can any company lose so much money it boggles the mind?
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Not applicable
Those are truly huge numbers. I guess most of that loss is write-downs of "assets" that have been re-valued, rather than operational losses.
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Super Contributor
Write off's on bad assets. That bad asset could be a derivative leveraged to the moon. So the housing market drops 5% a quarter and $15 bil get wiped off the balance sheet......and the US goverment goes and print it and pays it back into AIG's account. Smell something stinking......it's called hyper inflation!!!
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