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

And the hits just keep on coming... There's more to come.

Cheaper oil, rising USD, affordable real estate! :thumbsup

AIG has to raise $75 billion tomorrow or will file for bankruptcy on Wednesday. They are done!!

rollin rollin rollin

I wonder how long before it trickles down to us. :(

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...

they going down..

Looks that way. AIG down 42% in pre-market trading. Current price ~$2.75.

ouch down 52% now

down 60%.....

down 65%

Think this will be the end of them

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

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.

I really dont see the FED doing it but I may be wrong.

doh :Oh crap

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.

Someone is going to pick up the pieces. I'm going to guess it will be Manulife.

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.

Wall Street sources are saying The Fed is talking about bailing out AIG.

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.

if they go tits up does this mean I dont have to finish paying off my car loan to them? LOL

Yep, and more will follow, I wonder at what point they will have to stop.

ummmmmm strange

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

I heard the Fed aren't going to.