1. gregladen
  2. AIG + AIG = AIG

AIG + AIG = AIG

By gregladen on April 1, 2009.

According to recent press reports, the creationist organization Answers in Genesis will merge with the troubled insurance giant American International Group. The new corporation will be named AIG, for American Indulgences Group.

AIG chairman Edward Liddy will become the chairman of AIG. AIG chairman Ken Ham will be second in command and will continue to direct the Creation Museum, which will be renamed Credit Management. CM will rate bonds that are based on credit-default swaps on a scale from AAA to aaa. AIG will also subcontract with the Vatican to market indulgences in the United States. These indulgences are expected to become AIG's major product. The Vatican, in an ecumenical gesture, agreed that it would not impose a religious test on those who purchased its indulgences.

Ham argues that redirecting his organization from young-earth creationism to voodoo economics is not as much of a leap...


Read the rest here

Tags
Uncategorized

More like this

Schism!
Some dirt is being unearthed in the tale of the biggest creationist group around, Answers in Genesis, led by Ken Ham. There were two branches of AiG, one in Australia and another in the US, and there'd been hints of a split between them—and now Jim Lippard has details. It's looking ugly. In short,…
More AIG Follies
If there were ever an argument for high income tax rates on large incomes (i.e., greater than five million), AIG is making it. The arrogance of its executives, even after a bailout, can only be called by its true name--corruption (italics mine): NEW YORK (Reuters) - American International Group,…
Most bankers are not bad
Jacob Weisberg has a good corrective to anti-banking hysteria, The Case for Bankers. My post below, Kill the traders!, was an indictment of a small minority who have an outsized effect on the majority. We're talking a power law distribution, most of the havoc is due to a few. Weisberg notes: If…
AIG Financial Products
AIG released its counterparty list AIG Moving Forward - list of counterparties and amounts. So all this was really just to save Goldman Sachs... They got $12.9 billion from the "Maiden Lane" funds the US set up to launder channel funds rapidly to vulnerable financial institutions. 'course Barclays…

lol... not as good as Google's AI, but still a good one