AIG may declare chapter 11 bankrupcy before Monday's open

Quote from bond tr4der:

I disagree. So AIG executives are working threw the weekend negotiating another emergency loan from the Fed. If the Fed says no, AIG will go along its business and live happily ever after. No!

AIG is again on the brink of bankruptcy, Hence the need for another emergency loan before it reports earnings on Monday.

http://www.marketwatch.com/news/story/AIG-talks-government-over-new/story.aspx?guid={92C4EF08-68EA-4E4B-908E-36DDE1BD2E55}
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Another useless link - thanks. You are entitled to your opinion, and I actually don't disagree that AIG has been and remains in a lot of trouble. But starting a thread that says "AIG may declare chapter 11 bankrupcy before Monday's open" and providing a link to a generic Google News search to make it look like a source is outright misleading.

And, starting threads in multiple forums makes me wonder what your motivation is...
 
Quote from bond tr4der:

I disagree. So AIG executives are working threw the weekend negotiating another emergency loan from the Fed. If the Fed says no, AIG will go along its business and live happily ever after. No!

AIG is again on the brink of bankruptcy, Hence the need for another emergency loan before it reports earnings on Monday.

http://www.marketwatch.com/news/story/AIG-talks-government-over-new/story.aspx?guid={92C4EF08-68EA-4E4B-908E-36DDE1BD2E55}
More...


i brought this link up and says link not found.
 
Goddamit!!! This is madness. They just got how many billions, and they are going to file bankruptcy???

We need to book them a nice resort for a week or two. I'm figuring the Caymans. They can get down to some serious cypherin', and make the solid decisions they need to get back on track.

It's just too stressful being around the office. Give them a break.
 
Quote from flytiger:

Goddamit!!! This is madness. They just got how many billions, and they are going to file bankruptcy???

We need to book them a nice resort for a week or two. I'm figuring the Caymans. They can get down to some serious cypherin', and make the solid decisions they need to get back on track.

It's just too stressful being around the office. Give them a break.
More...

i don't see anywhere in this article that bankrupcy is an option. this thread is VERY misleading.

it really should not shock anyone that the environment since the orginal 85 billion package was reached. we get angry about 85 billion, but now we are giving banks 30 billion $ via the tarp who are not even asking for it.
 
Bankruptcy would have resulted in new agile players emerging and buying out select AIG business units and assets for 10 cents on the dollar. Unfortunately the loans and preferred equity status of the feds takes bankruptcy off the table.

If they have a trillion in alleged assets they should be fine liquidating and the shareholders will receive liquidation distributions after the attorneys have raped and pilaged the wind-up.

Interesting chain for other insurers who hedge and reinsure their risk. If you think about it... the government bail out put a pack of foxes inside the hen house to count and liquidate the eggs.

Maybe the real issue is AIG is a key underwriterer entrenched in federal and municiple bonds and insurance.
 
Greenberg the founder in an interview with Bartiromo says the bailout amounted to "handing over the keys" to the government"
He'd like to renegotiate the terms. Not a mention of the little spa fling on taxpayers dime.
 
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