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AIG to report $60 bln loss, seek more government help
Old 02-23-2009, 01:42 PM   #1
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AIG to report $60 bln loss, seek more government help

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 -

The other black hole.

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Old 02-23-2009, 01:52 PM   #2
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Old 02-24-2009, 10:55 PM   #3
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Did AIG funnel the money from Treasury to take care of CDOs?
May we live in peace and harmony and be free from all human sufferings.
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