Thursday, September 15, 2011

You know sh!t is going to happen when ...

I have just received a letter from AIA saying that all my business with them are now transferred to AIA Singapore. Does this mean that the much anticipated financial maelstrom is coming up the corner, just next year as expected?

During the 2008 blowup, AIG, the parent company of AIA was on the brink of choking to death under a heap of toxic CDS, stroking fears that AIA would be taken along with it. By cutting ties to both AIA and AIG, perhaps they are hoping that this will prevent clients of AIA Singapore from running off to their competitors in fear when AIA and AIG blow up again in 2012.

Maybe 2012 will be really doomsday, but without the multi-million dollar Hollywood CG effects.

Ahhh this will be sweet.

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