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)
Japanese historian Nick Kapur unearthed "Osanaetoki Bankokubanashi" (童絵解万国噺), a wonderfully bizarre illustrated Japanese history of the USA from 1861, filled with fanciful depictions of allegedly great moments in US history, like "George Washington defending his wife 'Carol' from a British official named 'Asura' (same characters as the Buddhist deity)."
“I swear the secret ingredient is crack!”
“Maximus the Akita refusing to come inside yet again,” or COCAINE’S A HELLUVA DRUG, you pick.
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