AIG to report $60 bln loss, seek more government help

[Gpond]

American International Group will likely report a $60 billion quarterly loss soon, forcing the troubled insurance giant to ask the U.S. government for more support, CNBC reported Monday. The losses may trigger more ratings downgrades, which would leave AIG needing to raise more collateral, CNBC's David Faber said. The results may be reported next Monday, March 2, he added. A spokesman for AIG declined to comment. AIG shares fell 8.9% to 49 cents during afternoon trading.
AIG To Report $60 Bln Quarterly Loss, Seek More Help - CNBC - FOXBusiness.com


The other black hole.

[Gpond]

[Spanky]

Did AIG funnel the money from Treasury to take care of CDOs?