Reutres: AIG hires law firm to draw up bankruptcy papers

Quote from Landis82:



David Faber of CNBC now reporting that a "bridge" loan is being arranged.
This will save the credit default swaps.

But highly dilutive.
Shareholders are screwed.

yepp ...sure looks that way !
 
Quote from kashirin:

I guess nothing will happen
there are a lot of insurance companies

And of course those insurance companies will be all too eager to insure everything under the Sun, including CDO's.

Don't think so, my friend.
 
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