Visionary, Speaker and Management Consultant
Chairman and CEO of RealtyU Group of Companies
Thirteen-time Author incl. Swanepoel Trends Report 2008
Consolidation in the residential real estate brokerage industry will actually be a good thing for teh industry as a whole. We have way too many real estate brands, franchises, firms and agents.
AIG Saved? Under the terms of the bailout, the AIG receives $85 billion and the government 79.9% of the company. AIG has two years to pay off the loan, which carries an interest rate of 11.4%. With $1-trillion in assets and some 74 million customers this financial bailout will probably save various other financial institutions that were insured by AIG. Will it however calm the nerves in the financial market enough to stop the hemorrhage?
You're right. AIG would be huge. Both would be another major blow to our already fragile financial deck of cards.
