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AIG (AIG) will be able to repay its $60B Fed credit line and "much or all" of the Treasury's...

AIG (AIG) will be able to repay its $60B Fed credit line and "much or all" of the Treasury's $69.8B investment if financial markets stabilize, Moody's says. In a nod AIG's strategy of rebuilding some of the businesses it previously planned to sell, Moody's said, "We believe that the slower approach to restructuring could help AIG to generate more favorable values from its business portfolio than would be the case under rushed asset sales." Shares +7.6% premarket.
Comments (6)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    I took off my hip boots and put my surf casting chest waders...the bs is REAL deep now.
    10 Nov 2009, 09:04 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    How would Moodys know..why doesn´t the AIG president come out and say this..this is just a stock hype.....
    10 Nov 2009, 09:06 AM Reply Like
  • Peter Schmotzer
    , contributor
    Comments (73) | Send Message
     
    Yeah, Right......
    10 Nov 2009, 09:09 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    With a little help from the regulators, who knows? this is America, you can achieve anything (with accounting). Maybe they will put all their losses in a Special Purpose Vehicle and value it (Level 3) at $120B, sell it to the Fed and voila!

     

    If you think this is ridiculous you should see what the Fed owns now from the other bailouts.
    10 Nov 2009, 09:12 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    And we should believe anything Moody's says because....?

     

    If AIG is lying in a casket, Moody helped put them there, and their fingerprints are intermingled with all the other culpable lowlifes who set up the financial meltdown.

     

    This is surreal, it really is...
    10 Nov 2009, 09:12 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    The cartoon to distract all from the upcoming cliff continues....
    10 Nov 2009, 11:45 AM Reply Like
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