I am interrupting the general tone of this blog to announce that I HAVE COME UP WITH A SOLUTION TO RETURN AIG TO PROFITABILITY!
You know all of those worthless mortgages that AIG insured? They just need to contact the banks and brokerages that made the loans and tell them that AIG's claims officers have determined that those mortgages were a pre-existing condition, and are not the insurer's problem.
Simple, huh? And it's worked so well for insurance companies in the past that I can't believe that no one has thought of it before me.
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