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2 more positive news items:
Sep 26 06:49 am
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All Comments by Strike »AIG: Details of Its Punishing Bailout [View article]
Ex-CEO Greenberg sold 40 million shares at an average price of $ 3.77, so the fact that the price is holding above $ 3 despite a massive physical offload mens it seems to have found a floor.
Second, "AIG may get $115 billion by selling all its units, Credit Suisse Group AG analyst Thomas Gallagher said in a Sept. 23 note. The company may need to sell more than half its businesses to repay the debt, he said.":
www.bloomberg.com/apps...
This means that the Credit Suise analyst thinks there's a $ 30 billion cushion even at fire-sale prices.
Am very happy to hear contrary views (Cramer thinks AIG is worth zero!), though I believe my own opinion in this turbulent period is in fact the one that's 'contrary' ;-)