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Old 09-15-2008, 11:22 AM   #1
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AIG bail out!

NY Fed hosting meetings on AIG: official

WASHINGTON (Reuters) - The New York Federal Reserve was hosting meetings on Monday on the situation of embattled insurer American International Group Inc (NYSE:AIG - News) with representatives of the Treasury Department, financial services firms and state officials, an official said on Monday.

http://biz.yahoo.com/rb/080915/lehman_newyorkfed.html
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Old 09-15-2008, 11:28 AM   #2
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And the hits just keep on coming... There's more to come.
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Old 09-15-2008, 11:46 AM   #3
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Cheaper oil, rising USD, affordable real estate!
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Old 09-15-2008, 07:14 PM   #4
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AIG has to raise $75 billion tomorrow or will file for bankruptcy on Wednesday. They are done!!
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Old 09-15-2008, 07:49 PM   #5
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rollin rollin rollin
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Old 09-15-2008, 07:54 PM   #6
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I wonder how long before it trickles down to us.
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Old 09-15-2008, 08:25 PM   #7
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AIG has to raise $75 billion tomorrow or will file for bankruptcy on Wednesday. They are done!!
i think they are going to make it.. b of a and jp morgan have the cash to give if they can work out a deal.. they just freed up 20 billion that will buy them a few weeks from what i have been hearing...
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Old 09-15-2008, 08:55 PM   #8
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they going down..
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Old 09-16-2008, 06:06 AM   #9
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they going down..
Looks that way. AIG down 42% in pre-market trading. Current price ~$2.75.
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Old 09-16-2008, 06:10 AM   #10
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ouch down 52% now
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Old 09-16-2008, 06:28 AM   #11
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down 60%.....
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Old 09-16-2008, 06:35 AM   #12
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down 65%
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Old 09-16-2008, 06:48 AM   #13
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Think this will be the end of them
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Old 09-16-2008, 07:02 AM   #14
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No one is coming to save them?
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Old 09-16-2008, 07:03 AM   #15
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No one is coming to save them?
FED and other banks maybe... but they would wait till last minute

think some money has already been promised, but it's not looking good
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Old 09-16-2008, 07:04 AM   #16
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doesnt look good at all, this sucks all my personal insurance is with AIG, damn it, damn it, cant these companies just learn to control how much they risk.
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Old 09-16-2008, 07:06 AM   #17
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FED and other banks maybe... but they would wait till last minute

think some money has already been promised, but it's not looking good
I really dont see the FED doing it but I may be wrong.
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Old 09-16-2008, 07:17 AM   #18
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The proof of any organization’s success, of course, is in its achievements. With a history of strong performance dating back to 1919, we are a leader among the world’s insurance and financial services companies. You can be comfortable knowing your career with us comes with the confidence of superior performance and the support of a true global leader.

doh
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Old 09-16-2008, 07:51 AM   #19
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People are making money off AIG today. Only down 40% now. If you bought at the low you could have doubled your money in a hour.
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Old 09-16-2008, 07:51 AM   #20
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Someone is going to pick up the pieces. I'm going to guess it will be Manulife.
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Old 09-16-2008, 07:52 AM   #21
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No one is coming to save them?
It does not look like it. Shame really as they have assets just no cash but then they should have seen this coming and bolstered their cash on hand.
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Old 09-16-2008, 07:53 AM   #22
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Wall Street sources are saying The Fed is talking about bailing out AIG.
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Old 09-16-2008, 08:43 AM   #23
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Yeah, saw that too. Fed saying that some sort of bailout is not out of the question. There is no way they can do this privately, going to have to be government funded.
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Old 09-16-2008, 08:53 AM   #24
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if they go tits up does this mean I dont have to finish paying off my car loan to them? LOL
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Old 09-16-2008, 09:06 AM   #25
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Yeah, saw that too. Fed saying that some sort of bailout is not out of the question. There is no way they can do this privately, going to have to be government funded.
Yep, and more will follow, I wonder at what point they will have to stop.
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Old 09-16-2008, 09:10 AM   #26
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ummmmmm strange
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Old 09-16-2008, 09:19 AM   #27
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Going to be an extremely big bailout. I mean these guys were in need of $70-$80 billion. Our tax dollars hard at work.
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Old 09-16-2008, 09:22 AM   #28
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Going to be an extremely big bailout. I mean these guys were in need of $70-$80 billion. Our tax dollars hard at work.
if you think about Fannie and Freddie, it would just make you depressed
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Old 09-16-2008, 09:37 AM   #29
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No one is coming to save them?
I heard the Fed aren't going to.
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