Tuesday, 2 March 2010

USA's AIG's AIA...

and now Prudential's prudence?

Titian's Allegory of Time Governed by Prudence c.1565

prudential (comparative more prudential, superlative most prudential)


more prudential

most prudential

  1. Of, pertaining to, or arising from the use of prudence



prudence (uncountable)

  1. The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality.
    • 1876, Samuel Austin Allibone, Prose Quotations from Socrates to Macaulay, J.B. Lippincott, page 597,
      Prudence is principally in reference to actions to be done, and due means, order, seasons, and method of doing or not doing. - Sir Matthew Hale.
      Prudence supposes the value of the end to be assumed, and refers only to the adaptation of the means. It is the relation of right means for given ends. - William Whewell.

[edit] Synonyms

Telegraph: Prudential shares plummet on deal for AIG's Asian arm

Latest on second thought it makes one wonder why the U.S. as 80% shareholder of AIG is selling AIG's so called "sound Asian arm" at all? Must be the only sound part of the body!?

AIG has lost more than $115bn since September 2007; the US taxpayer, who ever that is, has pumped more than $180bn into AIG; very likely this is not the end of throwing fresh and wet money into what is an insurance company and the most important instrument to keep the global banksters' Ponzi scheme afloat.

Why sell that sound part?
Does Prudential know what they are doing?
Are they part of the scheme?

Carpe diem!


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