Vegasjoe

ABC: FBI and Prosecutors 'Closing In' on AIG's Cassano

Off with his head!

Barron's Bets on Prudential

AIG is now a wounded duck in the core life insurance business, where annuity and life insurance purchase decisions are heavily weighted on financial ratings. Pru, conversely, has the best VA on the strreet, with the best living benefits guaranteeing income for life. Hands down for PRU. AIG's big spin-off news on 09/25/08 make it an interesting speculation.

AIG: Willumstad's Hard Choice

As Barron's also reported, AIG is a sum of the parts break up story. At $26, the parts are very undervalued. Expect 09/25 news of spin-offs and sales of various units.

More of the Same

Maybe the Arab sovereign funds will buy them all out and dilute all US shareholders into oblivion?

Financials Buying Opportunity Close at Hand

As I believe Charlie Munger once said, technical analysis of this sort is an advanced form of dementia isolated to inhabitants of Wall Street

This Week's Financial Winners (BlackRock, Aflac) and Losers (Wachovia, AIG)

Good thing Ken Thompson avoided investing in First Marblehead.

AIG: The New Math?

AIG, Almost Investment Garbage, needs to keep its investment grade rating so raising capital makes sense. No institution I know of cares about a 2% dividend when the principal goes down 20%!