lf847

AIG: Willumstad's Hard Choice

How naive. All you need to do is read his sentence "insurers are pretty much the most leveraged financial institutions in the world" to know FS has no idea what he is writing about. A simple equity / assets calculation would show AIG, like all insurance co's, is much LESS leveraged than broker/dealers (GS, LEH, MER) and banks (BAC, C). Not a helpful article at all.