Mar 3, 2009

Something to Ponder

"The American International Group’s conference call just ended. The chief executive, Edward Liddy, seemed a little defensive, and for good reason.

In the fourth quarter, A.I.G. said it lost $61.7 billion. That amounts to $465,421 a minute. To put that in perspective, every six seconds it loses enough to pay full tuition for a year at Harvard."

-Floyd Norris, NYTimes