Thursday, September 04, 2008

Reuters on AIG's Rumored Scheme

It appears AIG might be floating a trial balloon to see how a new scheme would be received. That would be to dump toxic investments in a newly formed company. I bet the regulators will love this one. Oh, please pick me to invest in the IPO. (Ain't gonna be an IPO but I couldn't resistl) This sounds eerily similar to the Super SIV more appropriately termed Super Sieve - a very leaky scheme.

I'm thinking of a scheme to create my own Super Sieve to skim off my debts so that I wouldn't be responsible. In fact, I would encourage everyone to look into this. If AIG and Citi can consider these schemes, why not us?
posted by TimingLogic at 1:59 PM