AIG falling hard

Time is the killer here, AIG must have been aware the issues for some time. my question is why the he** did wait so long to disclose them?
 
Quote from BigGun:

Time is the killer here, AIG must have been aware the issues for some time. my question is why the he** did wait so long to disclose them?

problem has been there for a while, they knew it all along. so i guess i came down to taking scrutiny for 3 days or for months after months. ??
 
Quote from rock34748:

Great little day trade today though. In and out nice. Also keeping very small position just for the ride... waiting for news.

missed the long from 1.40 to 2.80

should have been quicker
 
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