Alex_G

AIG Is Dead, Long Live AIG

MarkA,

FRE pfd Z on Bloomberg, FRE.Z on others


On Aug 28 08:47 PM Mark Alexander wrote:

> Alex_G, thanks for highlighting the situation with FRE. That's too
> funny. Can you provide a ticker for the preferred shares? There are
> lots of issues (it looks like most trade as if they were junior in
> the capital structure to common), but it would be interesting to
> know which one you are referring to.
>
> buygolly, your thinking is critically flawed in one area. With clients
> no longer trusting AIG and and price slashing by AIG underwriters,
> the value of AIG's operations is depreciating much more quickly than
> a Hummer. Benmosche is doesn't have the foggiest idea what he is
> doing or talking about, or else he is simply lying

AIG Is Dead, Long Live AIG

In other news regarding Govt owned financials, FRE common is trading higher than their $25 par pfd. Any rational explanation would be appreciated.

AIG Is Dead, Long Live AIG

So, at the current price of 54, the stated market cap is over $7bln. We're told the Govt owns 80%. Does that mean the implied mkt cap is over $35bln? Anybody?

Alex