|
|
« Previous McArdle | Next McArdle » |
|
AIG goes back to the well
ByStraw poll: who is going to cost the government more money? Automakers, AIG, or Citibank?
Until just now, my money was on Citi, in the long run; it's just so damn BIG. But AIG is doing its best to get its mojo back:
The American International Group, the battered insurance giant that is now effectively majority-owned by the federal government, is in talks to receive more government aid as it prepares to record another giant loss.A.I.G. could take as much as another multi-billion dollar hit when it reports earnings during the next week. It expects to disclose losses across a wide variety of holdings, from commercial real estate to credit default swaps, the private contracts that helped lead it to the brink last fall. A loss of that magnitude could lead to another sweep of credit rating downgrades, prompting a fresh round of capital demands that could again pose a serious risk to the firm and its trading partners.













.jpg)















Join the Discussion
After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus