AIG … yes we can
AIG shows the way … and still CNBC breaks the news
SCANDALOUS …
American International Group Inc. said Monday that it’s evaluating “potential new alternatives” with the Federal Reserve Bank of New York to tackle the giant insurer’s problems.
“We continue to work with the Federal Reserve Bank of New York to evaluate potential new alternatives for addressing AIG’s financial challenges,” company spokesman Joseph Norton said. “We will provide a complete update when we report financial results in the near future.”
AIG’s statement came after cable network CNBC reported that the company will report a $60 billion loss next Monday and is seeking more government support.
The loss may trigger more ratings downgrades, which would leave AIG needing to raise more collateral, according to CNBC’s David Faber. The law firm of Weil, Gotshal & Manges is preparing a bankruptcy filing for AIG, but that outcome is unlikely, he said …
Only to refresh your memory … AIG is already a penny stock, 80% owned by the Government. It so far received 150 bln$ “help” and the man responsible for that deal at the N.Y. FED was the funny Mr Geithner, who didn’t even pay his own taxes … YES … HE CAN
IRRESPONSIBILITY, STUPIDITY, GREED AND NO MORALS AT ALL… these are the main traits you need to be “successful” in politics or at the helm of financials … YES, THEY CAN
They all make me SICK … MAXIMUM SICK …
Who starts sending these people to prison???
Tags: AIG, fraud, Geithner, YES WE CAN
