(Above picture taken from Time magazine (Mar 30 2009 issue).
How will AIG conduct its insurance businesses in the face of widespread outrage and outcry?
Will individuals and companies, whether within USA or without, want to take up any more insurance policies with AIG, although a GLC ("government-linked company", as such companies are referred to in Singapore) now?
Maybe they will, if as one Peter Gumbel (a Time magazine correspondent based in Paris), writing in a commentary, suggested, "An agreement that every firm receiving taxpayers' money should pay its employees the same as other public sector workers, such as teachers. That would assuage public fury, and provide an incentive for banks and insurers in question to sort out their problems fast."
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