And you thought AIG's $62 billion quarterly loss last month was bad -- turns out that the company has a further $1.6 trillion in outstanding derivatives exposure, according to this leaked memo that AIG sent to the US Treasury in order to beg for another $30 billion.
Tuesday, March 10, 2009
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(3416)
-
▼
March
(331)
-
▼
Mar 10
(16)
- Facebook baby
- SUICIDE VIA COMFORMITY
- Missile-throwing chimp plots attacks on tourists
- Former Guantanamo detainee tells of 'medieval' tor...
- ASSUMPTIONS....
- How Oscar got it wrong
- Vision of future tinted in green
- Iraq's Unspeakable Crime: Mothers Pimping Daughters
- Scientists to issue stark warning over dramatic ne...
- Joe the Not-Plumber claims he was on Obama's enemi...
- Shoe hurled at Ahmadinejad in Iranian city
- How to destroy civilization
- Beaver joke not so funny in N.C.
- Pentagon's Unwanted Projects in Earmarks
- Sarah Palin Bags a Big One
- AIG: Is the risk systemic?
-
▼
Mar 10
(16)
-
▼
March
(331)
Subscribe via email
Facebook Badge
Search This Blog
About Me
Subscribe Now: standard
1 comment:
AIG may not be a going concern regardless of what the government does. If it cannot generate new business then the bail out will partially go to fund future operating losses. Once its politically connected trading partners are made whole will the government let AIG collapse? If a bunch of inner city kids can figure it out then I know adults can. To learn more go to http://www.newyorkshockexchange.com/content/view/79/37/
Post a Comment