Writing about anything other than the bailout seems a bit “Otherwise, Mrs. Lincoln, how was the show?”
Dealscape: I was under the impression that AIG assets were being sold as we speak. But apparently, since it’s owned by the government and all this week, it’s going to be a very public process. Starting next week, Dealscape writes.
Bloomberg: The insurer has around $16 billion in real estate holdings, globally.
Mergermarket: Results of an outsourcing survey say that call center outsourcing is out of vogue, finance and accounting outsourcing is hot.
Wall Street Journal: Golden Gods of their respective universes to join forces. Buffet + Goldman Sachs.
Dealbook: Suggests that GE should spin off GE Capital, possibly to a bank holding company. One of the many suggested spinoffs for GE….
FT Alphaville: At least Lehman didn’t have to symbolically rip down any signs.
Speaking of Barclays + Lehman: here’s the scoop on the integration and redundancies employees still holding their jobs face.
Speaking of the Bailout: Some clever, (albeit juvenile) and also angry taxpayers are making the argument that, since the government is buying worthless assets from the banks, why not sell it your worthless assets for the price of what you think they’re worth. “The fact that you think they are worth more than anyone will buy them for is what makes them bad assets,” the site says. Ouch.