Tuesday, March 10, 2009

Read This Internal AIG Report

Holy cr*p

http://abcnews.go.com/images/Business/aig_systemic_090309.pdf

AIG may need to be 100% nationalized by the weekend. Confidence in them is now zero and I would expect a run on their insurance products to commence as early as yesterday...

Could an insurance company version of TARP be too far away?

I am not short banks, insurance companies or AIG. I do not own a share of SKF and have no intention to buy it. I am not trying to start a rumor or directly or indirectly benefit from one. My intention is to get information out to people so that they can make their own decisions. I think the AIG pdf has been widely distributed, but wanted to get it out as well. (this is my SEC disclaimer...)

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