If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Updated: Read these chilling words from Paul Kedrosky’s Infectious Greed to get a sense of the enormity of the AIG problem. You can read the rest of his post here.
Take your second deep breath of the week. [...]
AIG continues to get hammered as they face continued credit rating downgrades. The stock is off another 15% today. The recent downgrades mean that the battered company may need an additional $14.5 billion in collateral to meet its obligations. Additionally, the $20 billion promised to the company by the NY Deptartment of Insurance won’t be [...]
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