State-owned AIG has been upping its bets on real estate, more than doubling its holdings of...


State-owned AIG has been upping its bets on real estate, more than doubling its holdings of non-agency MBS over the last 2 years and beefing up its unit that insures mortgages with low down payments. It's United Guaranty unit - which provides PMI - grew its market share to 23.7% from 14.6% a year ago, and is now the 2nd-largest in the U.S.

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Comments (3)
  • Ted Bear
    , contributor
    Comments (700) | Send Message
     
    They can gamble and speculate all they want in MBS's.....just as soon as they buy back my 60% stake.

     

    Who wrote this rule? Geithner?
    16 May 2012, 10:14 AM Reply Like
  • CapVandal
    , contributor
    Comments (798) | Send Message
     
    The Treasury has been profitably exiting this position for months.

     

    Maiden Lane III is very close to paying off the FRBNY and showing pure profit of $2 billion AIG/ $4 billion government.

     

    http://bit.ly/JvWcBo

     

    You need to worry about something that might happen in the future, not something that didn't happen in the past.
    16 May 2012, 11:58 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11165) | Send Message
     
    I anticipate a lot of people whining and moaning about this as if this were November 2008.

     

    Some people just don't get it...
    16 May 2012, 02:20 PM Reply Like
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