Comments on: AIG to announce massive restructuring

By: doug

doug — Tue, 16 Sep 2008 12:12:44 +0000

Good – serves them right for insuring garbage securities for fractions of a penny on the dollar.

I hope they go down in flames, and take the ratings agencies that rated that junk AAA with them.

By: genuinechris

genuinechris — Tue, 16 Sep 2008 02:30:31 +0000

Which…bank…isn't…reeling?

By: morganb

morganb — Mon, 15 Sep 2008 20:30:16 +0000

Thanks for the update Don. This series of events, while not
unforseeabl, are still awesome in their nature and speed. Wow. That's
all if got to say, wow.

By: Don

Don — Mon, 15 Sep 2008 14:15:56 +0000

AIG is trading at $4.60 a share, off over 60% today.

If I here one more person on CNBC saying "the worst is over", I'm going to punch them.

AIG, Merrill, Lehman..........And remember that Lehman was also Shearson and EF Hutton.

BTW, B of A is going to be the new Citi. It's going to have to be broken up too.

Morgan, thanks for the flurry of posts. You are ON IT!!!!