American Insurance Group, the insurance giant that is 80-percent owned by the US government, is in discussions with the government to secure additional funds so it can keep operating after next Monday, when it will report the largest loss in U.S. corporate history, CNBC has learned.

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Source:
AIG Seeks More US Funds As Firm Faces Record Loss
David Faber,
CNBC 23 Feb 2009 | 07:18 PM ET

http://www.cnbc.com/id/29353282

Category: Bailouts, Derivatives, Video

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4 Responses to “CNBC: AIG Needs More Money”

  1. Chief Tomahawk says:

    So, when they talk about “The big one”, do they mean the long predicted earthquake for CA, or AIG opening up it’s books in a real stress test?

  2. FrancoisT says:

    AIG can die.
    If not, fire management, no perks, no parachute…nothing!
    Keep the quants and specialists that are essential.

  3. FrancoisT says:

    How much more money?

  4. bonbon says:

    stop this circus !!! Let them FAIL !!!!