AIG to be broken up and ended

[wilburbear]

http://online.wsj.com/article/SB124951576916509361.html

 

[nutmeg]

Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York
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At least they have to actually do some work for the money unlike the unemployed standing around with their hands in their pockets waiting for a check.

 

[poyayan]

Could someone tell me why it needs 1 billion to clean up?

 

[Tide31]

Haha, no way . . . I thought we'd see this tonight!

AIG $22.01 +$8.48 (64.7%)

- Today before the article. With an 80% ownership by the government, who benefits from this move most, and most probably a leak from there, what do you think the chances of an investigation into todays stock movement with no news? I put it at 1% . . . Can never say zero. So much for Reg FD?? Guess that only counts when dealing with private sector. With regards to gov't - "tell all your friends quick before it gets out!"

 

[wilburbear]

Sometime within '09, AIG will not exist.

 

[kxvid]

Quote from poyayan:

Could someone tell me why it needs 1 billion to clean up?

ignorance is bliss

 

[Thermactor]

You know, I laugh at every douchebag I see wearing a Manchester United jersey with the big AIG logo on the front.

 

[AAA30]

Quote from nutmeg:

Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York
----------------

At least they have to actually do some work for the money unlike the unemployed standing around with their hands in their pockets waiting for a check.

+1

 

[vikasd]

If the fees are $1B AIG is worth at least 20X of that...

 

[drsteph]

And once its dead and gone the forensic accounting experts will have an even harder time.

Conduit accompli