Monday, March 8, 2010

Just Makin' Sure I Got It Right - with AIG I Mean

So, just to be clear, AIG, posts enormous loss, asks for more taxpayer funds AND is selling off assets ...... the path forward must be rosy indeed.  This feels a lot like being on a sinking ship, given a report on just how much water they've already had to bail, casting off various of its valuables, AND still requesting for life-saving assistance?  Where do I sign up?


After MetLife Deal, A.I.G.'s Next Step Is Unclear

New York Times (blog) - ‎7 hours ago‎
The Fed has been winding down that program, so AIG recently drew $3.1 billion from its lending commitment from the Fed and used the money to pay back the ...



Met to Acquire AIG's ALICO

Toronto Star - Drew Woodbury - ‎24 minutes ago‎
After closing, AIG will be required to hold specified amounts of MetLife securities for designated periods. These lockups will begin to expire nine months ...

AIG to sell Asian life insurer to repay bailouts

The Associated Press - Ieva M. AugstumsDaniel Wagner - ‎Mar 1, 2010‎
But officials and analysts say it's not clear whether taxpayers will eventually recoup all themoney AIG drew from a $182.5 billion rescue package the ...


AIG posts $9 billion loss

CNNMoney.com - David Goldman - ‎Feb 26, 2010‎
"Should certain of these risks emerge, AIG may need additional support from the US government," the company said in the 10-K filing. ...



Prudential PLC Buys AIG's Asia Unit

Wall Street Journal - Jeffrey MccrackenSerena Ng - ‎Mar 1, 2010‎
Of the roughly $182 billion the US government has committed to support AIG, it has doled out about $130 billion. Under Chief Executive Robert Benmosche, ...

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