CNN's Peter Wilkinson has been running the numbers on AIG's record-smashing $62 billion quarterly loss, the largest corporate loss in history (AIG lost about $460,000 per minute in the last quarter). In addition to being sufficient to carpet an area the size of Baghdad in $1 bills, $62 billion is enough to:
1. It could pay off the combined national debts of China, Australia, Mexico and Ukraine, according to 2008 estimates by the CIA Factbook, and still have plenty left over for a good night out.
3. Britain's Queen Elizabeth II might not be moving any time soon, but the money could buy 46 Buckingham Palaces, according to a 2008 estimate of its market value by the Daily Telegraph newspaper. And still leave some remaining to buy her weekend retreat, Windsor Castle.
9. AIG lost $460,000 per minute -- which would pay about half the annual pension of former RBS chief executive Fred Goodwin.
What would AIG's $62 billion loss buy?
(Image: Money squircles 1, a Creative Commons Attribution-ShareAlike image from Greefus Groinks's Flickr stream)
Unmute this one.
Rep. Jaime Andrade (D-Chicago) was giving a TV interview about the pigeon poop problem at a train station when a pigeon promptly illustrate the lawmaker’s point. “I’ll just have to go clean up,” Andrade said. “That’s what happens to my constituents. They get [expletive] on all time.” (UPI)
Choices. https://t.co/o3bJPCDApG pic.twitter.com/uYrI6mype5 — Cliff Pickover (@pickover) August 10, 2019 I can only hope that there was a second chance. (via Daily Grail)
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