RSS Feed
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
| Category:
Buying
,
Condo/homeowner associations
,
Funny
,
Neighborhoods
,
New construction
,
Selling
,
The economy
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
Post a Comment
We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.
User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.
Great find! Thanks, I needed a laugh.