Jeremy Clarkson had most of his savings invested in AIG?

WTF?_2

Dunno how much he is exaggerating for effect but....

http://www.timesonline.co.uk/tol/comment/columnists/jeremy_clarkson/article4836545.ece

Afew months ago I was seated at dinner next to a banker and, as you can imagine, my watch immediately started going backwards. Minutes crawled by, and as he droned on about derivatives and sub-prime markets in America I began to wonder if it would be poor form to stab him in the eye with my lobster scissors.
Instead I decided to try to will myself to death. But then I was snapped into hair-straightening consciousness when he casually mentioned that the giant Union Bank of Switzerland was in trouble.
UBS? That’s where I’d plonked all my life savings. What do you mean, trouble? Are you saying that because some Mexicans can’t afford to pay their mortgages I’m in danger of losing the fruits of a lifetime’s graft? The answer, when translated and condensed, was yes.
The next day, in a bit of a flap, I rang the bank, which quite understood my concerns and offered to transfer the bulk of my savings to a company I’d never heard of. It was called AIG.
..
Of course I made strenuous efforts to get my money out of AIG as soon as the scale of its problems became apparent. But it wasn’t possible. It had shut the fund in which I’d invested and it would remain closed for three months while it tried to sell the assets. “We need to do this in an orderly fashion,” said the man on the phone, calmly.
Inwardly I was screaming. I don’t give a !!!! about an orderly fashion, any more than a man in the trenches wants to look smart while running for his life. It’s my money. I gave it to you. You’ve squandered it on a Mexican’s house in San Diego and a stupid football team and that’s your problem. Not mine.

It turned out, however, that I was wrong. It was my problem, so I decided to try to understand banking. And what I’ve gleaned from a two-week crash course is that it is completely unfathomable. There isn’t a single person in the entire world who has the first idea how the system works.

He speaks the truth......

mewbie_2

I always thought Clarkson was a bit of a merchant banker.

Trollfever

a stupid football team

http://www.bradfordcityfc.co.uk/page/Marketing/0,,10266~92147,00.html

PasturesNew

He can earn more though.
If the likes of you or I lost ours that'd be it.
No TV programme bookings at fat fees to talk about it.
No extra promotional work booked into our diary.
No book deal for us to write about it.

GracieP

Hahahahahaha!

fatpig_2

Delighted. Especially as he couldn't resist a racist rant at the Mexicans

lilac_lady

Don't believe a word JC says.

ad9898_3

I think Jezza is probably making it up, I'm sure is finances' are just fine.

fatpig_2

With a bit of luck he bought a load of buy to lets last year

chrisandanne

Do you think UBS knew that AIG were on the brink and thought right you arrogant sod....stitch that. A x

purch

I'm sure is finances' are just fine.

As the US Government owns most of AIG now, I am sure his finances are doing great !!!!