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To: Glenn D. Rudolph who wrote (139659)	2/21/2002 4:36:49 PM
From: GST	Read Replies (1) \| Respond to of 164685

A friend of mine whom I mentioned before got together with a few friends and bought Zales a few years back -- I remember asking him about Director's insurance in case the whole thing fell apart (which, as you know, it did). He said he was not worried about being sued because of the level of insurance they had -- well he spent five years being sued and he told me they were the worst five years of his life. This is a wealthy and upbeat guy who just did not see the level of litigation he would face. AIG is on the firing line as corporate sleaze turns into what America does best -- mass-producing lawsuits. If AIG is also an architect of sleazy financial engineering -- and they are in a business where suspicions are running very high -- then they are two-time losers. I had my speculative money tied up today or else I would have shorted AIG.