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Do you believe this? AIG ad 9/2005 the Kiss of death!

National Geographic magazine September, 2005 special issue, rear cover ad by AIG. My wife came across this magazine.

The ad depicts a small girl very dressed up with a crown barrett, I guess indicating some very loving child that needs protection for her financial futures. Someone that is very loved and cared for. Every ones little Princess.

It states:

                                                                    THE FINANCIAL ORGANIZATION

                                                                          TO CHOOSE FOR YOUR

                                                                                   GREAT-

                                                                                    GREAT-

                                                                                    GREAT-

                                                                                    GREAT-

                                                                                    GREAT-

                                                                              GRANDCHILD.

National Geographic rear cover 9/2005

 

They made it 3 years, almost. They anticipated 200 hundred years. What a mis-calculation. I think they should of consulted their risk department before they did this ad or was it the kiss of death. How many Widow and Orphans did they shake up. Let us hope they do make it through this crisis and the policy holders don't get hurt. 

This was when the markets were topping out. It is always when, the participants are most optimistic and righteous, that they are completely wrong!

Richard

view my new homes for sale

 

8 comments • Richard Stabile Bergen County New Homes Builder Realtor • September 28 2008 08:16PM

Comments

Richard,

Life brings the unexpected, doesn't it?  Thanks for the post.

Mike in Tucson

Posted by Mike Jones (SUNSTREET MORTGAGE, LLC) over 3 years ago

Thanks for commenting Mike. Every so often the unthinkable.

Richard

Posted by Richard Stabile Bergen County New Homes Builder Realtor (REMAX real estate associates) over 3 years ago

Richard, and more than likely, the people at the top will or have received high bonuses while hurting those at the bottom.

Posted by Gena Riede, Real Estate Broker Sacramento CA Real Estate (916) 417-2699 (Riede Real Estate, Lic. 01310792) over 3 years ago

I simply do not understand why everyone seems to be surprised by the latest turn of events??!!

 

Posted by Mimi Osterdahl, WCR Past President, GRI (Real Living Northwest Realtors, Regional Director of Awesome) over 3 years ago

I guess the surprize is that it isn't letting up.

Richard

Posted by Richard Stabile Bergen County New Homes Builder Realtor (REMAX real estate associates) over 3 years ago

Hi Richard,
What's the saying "Pride goeth before the fall" or something like that.

Posted by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc) over 3 years ago

Richard - is quite amazing !  The signs were there... everywhere.

Posted by Christopher and Stephanie Somers - Realtors - Philadelphia Real Estate (Realtor / Owner - RE/MAX Access) over 3 years ago

Cynthia:

I guess we are too proud before the fall, and at the point we get over confident we are probably missing something.

Christopher and Stephanie:

Hello : It is the magazine cover indicator.

Richard

Posted by Richard Stabile Bergen County New Homes Builder Realtor (REMAX real estate associates) over 3 years ago

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