Likelihood of Success

Reuters says insurer AIG is “bracing for a fourth-quarter loss of roughly $60 billion …. It would be the biggest loss in a quarter in corporate history.”

Well, I think Reuters means “in history,” not in “corporate history,” seeing as how not even AIG has had a quarter quite that bad before and seeing as how no single person (i.e., non-corporate person) has ever managed to drop quite that much in 90 days.

What a lost journalist opportunity, too.  How often do you get to report on the the worst thing ever in any category — much less in a category everyone can comprehend, like losing money?

But why quibble when we’re in record territory?  The fun thing about being “too big to fail” in the Bush-Obama era is that you have lots of company!  In fact that’s what Uncle Sam has these days, too, as it gobbles up lots and lots of equity in tanking businesses — lots of “company,” get it?

You don’t get it?

You will.