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Reply To: Should the USA Auto Industry be bailout?

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Anonymous
Inactive

I understand you’re peed off Gamtrak but as far as I gathered those “AIG executive meetings” are the equivalent of CAP Europe AIG style (i.e. AIG Phoenix :tongue:).

Those are top “affiliates”, i.e. independent AIG agents who push their products. Of course you will always have a few top level corporate types liasing with these people at the resort jumping at the opportunity to gulp down free booze, raid the buffet and slouch around but that’s the nature of the beast. The pictures it creates and the message it sends in these times is terrible but at the end of the day if they want to stay competitive it seems prudent for them to continue these affiliate outings because their affiliates drive new business.

As for the auto industry. I am 100% certain that since O clean sweeped the rust belt he will support them wether it makes a great deal of economic sense or not. I fear US auto makers have missed out on most of the major developments in this industry for years and if it wasn’t for US governement intervention they would all be doomed – and rightly so.