RIP AIG
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- ********
NEW YORK (CNNMoney.com) -- The pressure on American International Group reached fevered pitch on Monday night as the troubled insurer was hit by a series of credit rating downgrades.
The cuts could prove deadly to AIG, the nation's largest insurance company, which is scrambling to raise much-needed capital.
- univers0
They still have enough money to sponsor the Renault F1 team! =P
- ha. not for long. Flavio's gonna have to find a new sweetheartflashbender
- ride nude. lol.akrokdesign
- as far as i know it is ING...do they belong to AIG?********
- yea its ING Renaultabstracktchaos
- ********0
Fed in AIG rescue - $85B loan
NEW YORK (CNNMoney.com) -- In an unprecedented move, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
The Fed authorized the Federal Reserve Bank of New York to lend AIG (AIG, Fortune 500) the funds. In return, the federal government will receive a 79.9% stake in the company.
- Greedo0
I just put in an order for a bunch of AIG shares, they're at about $2 each... i mean, it can only go up, right? I got 15 years to wait it out if need be, i just hope they actually sell them to me...
- ukit0
Wall Street falls, Greedo cleans up...and the cycle continues:)
- ukit0
Looks like we aren't the only one in trouble
- ********0
Keep the golf courses green
- Wolfboy0
God I hope this happens, I love a shirt without sponsors and I never thought I'd see that at United again.
- Greedo0
haha they filled my order... now we wait. see if there's anything left after uncle sam cleans house.
- CALLES0
GM
NEW YORK (AFP) – General Motors shares plunged more than 30 percent Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout of the auto giant, shareholders would not benefit.
"We are lowering our target on GM equity to zero dollars," the Deutsche Bank report said.
- d_rek0
I say let GM die. The quality of their product and their impact on American economy has continually decreased in the last two decades. It's a leech that's trying to suck it's last bit of blood from a dying man. Pour some salt on that bitch already.
- They have good products, just too many irrelevant/redundant ones.Mimio
- ukit0
Let's just have everything go bankrupt and start over
- robotron3k0
Just wait till the G20 meeting on the 15th, by next monday the US Dollar could be worth pennies...
- SteveJobs0
what would that mean for the next transformers movie? oh no's!
- OSFA0
AIG got more money? Hope we get invited to their party this time!
- TheBlueOne0
Ah man we just switched our companies workers comp to AIG...our insurance agent assured us they'd be fine...
- ukit0
It'll all work out in the end
- ********0
AIG will be bailed out, just like the rest. Sh*t, they forced PNC to take money and they didn't even need it.
- ********0
Well that a real shame, see yeah then.