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
Save & Share:
Previous: What's the Mortgage-Interest Deduction for That Yacht?
Next: Get Free Alerts if Someone Messes With Your Deed
Posted by: kingstowne_renter | October 14, 2009 9:17 AM | Report abuse
The comments to this entry are closed.
Great find! Thanks, I needed a laugh.