Reactions to story from The Wall Street Journal
Credit Crunch Slams AIG
http://online.wsj.com/ article/ SB121027561480578193.html?mod=rss_Today's_Most_Pop...
AIG reported a record $7.8 billion loss and said it will raise $12.5 billion in capital to replenish its balance sheet. The insurer's results, which included a $9.1 billion write-down, show that while the credit crunch may be easing on Wall Street, it
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AIG's Mess Continues, Right in the Middle of Spring Cleaning
http://nymag.com/daily/intel/2008/05/aigs_mess_continues_rig...FINANCE AIG posts $7.8 billion in losses this quarter, dwarfing the $5.8 billion they recorded last quarter (and you thought $5.8 billion was a number that couldn't be "dwarfed"). The insurance giant will be raising $12.5 billion in capital.
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AIG SlumpsIf One Believes in Numbers
http://blogs.wsj.com/marketbeat/2008/05/09/aig-slumpsif-one-...Beware of companies that find new ways to value assets while theyre sinking. Where have we heard this story before? A company loses a bundle of money due to depressed values for its assets, and it says those valuations dont really count. Thats what has
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