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AIG down 50% afterhours on report that U.S. government is considering conservatorship

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Eli Weiss

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AIG fell 50% after-hours in addition to losing 21% in today's trading session

And I have never seen a stock that traded over a billion shares in an single day, since I am following the market.

NEW YORK (Reuters) - Shares of American International Group (NYSE:AIG - News) fell 48 percent in trading after the bell on Tuesday after Bloomberg reported that the U.S. government is considering conservatorship as an option for the insurer.

http://finance.yahoo.com/q?s=AIG
 

Restrain

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Reports are that bankruptcy is highly probable, as early as tomorrow.
 

Carnivore

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Did the CEO commit suicide by jumping off the building yet?

If not, I wish he would do it ASAP so we can get on with our lives.

How about the CEO's for Lehman brothers, Bear Stearns, Fannie, Freddie?

Geez, what are they waiting for a larger audience!

If you read about the 1920's depression thats what dishonored men did.
 

Greg Bell

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I see the money managers pumped billions of your 401K and pension funds back in the junk stock market today just in time to see if they could loose all of your savings...keep you money under the bed.....Quick , buy some beans and ammo..P.S What will the NY pension fund manager do with 2 million shares of Lehman Brothers , can you say wallpaper anyone....
 

Workbox

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If you read about the 1920's depression thats what dishonored men did.
Honor? these past generations?

They should be hunted down like dogs, tared and feathered and forced to sell Chiclets at the corner.
 

Hamlet

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If you read about the 1920's depression thats what dishonored men did.

They are like Scrooge, looking for that one filled with remorse at a death and like Scrooge, they will find it ain't for them!
 

Mike Kennedy

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Did the CEO commit suicide by jumping off the building yet?

If not, I wish he would do it ASAP so we can get on with our lives.

How about the CEO's for Lehman brothers, Bear Stearns, Fannie, Freddie?

Geez, what are they waiting for a larger audience!

If you read about the 1920's depression thats what dishonored men did.


in that Depression parachutes were unavailable -........

in THIS New Millenium...........the parachutes are GOLDEN $$$$$. woohoo

AND A DISGRACE.


....... the Franklin Raines Alums & Associates.........play on.........and onnnnn
 

TJSum

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Franklin Raines , 59 (bio)
Fannie Mae chairman, CEO 1999-2004 NEWSMEAT Power Rank: 48 Election Picks: 57 wins, 17 losses
phPie.php
$6,000 Republican$68,500 Democrat$22,000 special interesttotal: $96,500

What is he doing today ???


Considering the fact that Barack Obama has been blaming the GOP (and as such, John McCain) for every ill facing the United States, one has to wonder why he’s so silent on this debacle.
Could it be he doesn’t want to draw attention to the fact that he’s received over $125,000 in political donations from those two (Fannie/Freddie) during his short tenure as a United States Senator?
“You look at Obama’s economic advisers, the guys he has counted on from day one and who have raised him a ton — and I mean a ton — of money: Franklin Raines and Jim Johnson, both of them are waist to neck deep in the mortgage debacle.”
Both Raines and Johnson have served as CEO of Fannie Mae, with Raines taking over from Johnson. Both are key political and economic advisers to Obama.
 

Greg Bell

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Whew, 85 Billion in loan guarantees from the fed for AIG...All is well and everybody should feel warm and fuzzy.This will stretch this AIG out so billions more can be lost....do you know where your 401K is???
 
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