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I want to be like AIG!
November 14, 2008 by James K Barath, CMPS · Leave a Comment
You read correct. I want to be like American International Group, Inc. (better known as AIG).
As crazy as it may sound, I do wish I had the impact and relevance that AIG has on the world. Their reach transcends 130 countries & jurisdictions, as well as serving commercial, institutional and individual customers.
You may still be pondering the fact that they had a $150 billion loan restructured several days ago. Although their transactional business is in question, this plays directly into why AIG is such a great business model.
What? Huh? Are you kidding?
I wish this was a joke. Let’s evaluate why they are such an ideal model. Have you heard the term “systemic risk” spewed from analysts, government & investors as the underlying reason why this company was rescued, while others were left to go belly up.
According to National Futures Association, systemic risk is defined as “Risk that the financial markets as a whole will cease to operate or will operate inefficiently.” In otther words, to allow AIG to fail would have been catastropic for markets world-wide.
It is for this reason that you could aspire to be AIG. How awesome would it be to know that no matter what you did in life that no one would allow you to fail. Without you, everything would cease to function properly. You essentially become the commidity that no one can live without. WOW!
About the Author: James K Barath is a Certified Mortgage Planning Specialist, qualified liability advisor and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James Barath today for your Borrow Smart Analysis - the CALM Approach to Borrowing ! His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy! 