AIG Says Mortgage Insurance Fares Better In Red States
source: http://www.washingtonpost.com/wp-dyn/content/article/2011/02/02/AR2011020206326.html
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Bloomberg News reports American International Group's "mortgage insurer does more business in Republican-leaning states, where it signs up more reliable customers than those in 'more liberal' areas, AIG chief executive Robert Benmosche said." Benmosche said, "Part of what we found out is that our model is about culture and it's about the attitude in the public. And what we find is where there's more of a tendency for people to be more liberal, more that the government is responsible for what happens to me." Bloomberg adds Benmosche "oversees an insurer propped up by more than $40 billion in government capital while competing mortgage guarantors operate without Treasury Department assistance."
http://www.washingtonpost.com/wp-dyn/content/article/2011/02/02/AR2011020206326....
http://www.washingtonpost.com/wp-dyn/content/article/2011/02/02/AR2011020206326....
