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
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
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?
AIG can die.
If not, fire management, no perks, no parachute…nothing!
Keep the quants and specialists that are essential.
How much more money?
stop this circus !!! Let them FAIL !!!!