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CNBC: AIG Needs More Money

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By Barry Ritholtz - February 23rd, 2009, 8:16PM

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

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Category: Bailouts, Derivatives, Video.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “CNBC: AIG Needs More Money”

  1. Chief Tomahawk Says:
    February 23rd, 2009 at 10:12 pm

    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:
    February 23rd, 2009 at 11:40 pm

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

  3. FrancoisT Says:
    February 23rd, 2009 at 11:41 pm

    How much more money?

  4. bonbon Says:
    February 24th, 2009 at 1:32 am

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

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