AIG have called in their lawyers to draw up bankrupcy papers, hired law firm Weil Gotshal to get their papers ready for publication. They could file for bankrpucy as soon as tomorrow morning unless there is a bail out.
Fed to provide $85 billion bridge loan to AIG: source
(Reuters) - The Federal Reserve will provide a roughly $85 billion bridge loan to AIG (AIG.N) and take a nearly 80 percent stake in the company, according to a source briefed on the matter.
http://news.yahoo.com/s/nm/aig_loan_dc
Life is change. Growth is optional. Choose wisely.
If a government bailout is worked out, sources told , shareholders would get nothing, bondholders next to nothing and policyholders at least some protection.
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absofuckinglutely.
all of the world is affected ... what's wrong with the economy
"Everything in this book may be wrong." Illusions: The Adventures of The Reluctant Messiah by Richard Bach
glad to see my tax dollars support the team i love, much cooler than when they went to blow up mountains in afghanistan....
the US government announce 85 billion loan to save AIG
.
Hate the ManU jerseys with AIG in front. Vodafone looked cooler :)
---Life is Fragile, Handle with Prayer---
that's the least of their issues. They're the largest healthcare cover in the US, as well as fire,vehicle,life ... all kinds of insurance.
They must be saved. They sponsor Manchester united.
Fed to provide $85 billion bridge loan to AIG: source
(Reuters) - The Federal Reserve will provide a roughly $85 billion bridge loan to AIG (AIG.N) and take a nearly 80 percent stake in the company, according to a source briefed on the matter.
http://news.yahoo.com/s/nm/aig_loan_dc
Life is change. Growth is optional. Choose wisely.
Karen Kaiser Clark
let's just say I'm screwed.
So I would get some protection if the government bailed them out.
What about you?
If a government bailout is worked out, sources told , shareholders would get nothing, bondholders next to nothing and policyholders at least some protection.
"Everything in this book may be wrong." Illusions: The Adventures of The Reluctant Messiah by Richard Bach
this cant be happening. not now :( . They had around 1 trillion dollars in assets ffs.
http://investing.businessweek.com/businessweek/research/stocks/charts/charts.asp?symbol=AIG
and
http://investing.businessweek.com/businessweek/research/stocks/transactions/transactions.asp?symbol=AIG
i dont see any scope for that line to go the opposite way!
:(