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AIG Headquarters Going Condo?

Oh, the irony! The Wall Street Journal's Deal Journal blog is reporting that the former headquarters of American International Group -- AIG-- in Manhattan will be turned into luxury condos. AIG--the giant insurance company that had to be bailed out by the federal government after it insured way too many mortgage-backed securities that turned sour. AIG--ground zero of the financial meltdown (or at least one of them) will turn into luxury condo apartments!

I wonder who's going to insure those mortgages?

By Elizabeth Razzi  |  October 13, 2009; 5:27 PM ET
Categories:  Buying , Condo/homeowner associations , Funny , Neighborhoods , New construction , Selling , The economy  
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Comments

Great find! Thanks, I needed a laugh.

Posted by: kingstowne_renter | October 14, 2009 9:17 AM | Report abuse

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