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AIG’s Mess Continues, Right in the Middle of Spring Cleaning
http://itfinances.net/ 2008/ 05/ 09/ aigs-mess-continues-right-in-the-middle-of-spri...
Finance, Economy-Business News, Stock Market wrote an interesting post today on Here’s a quick excerpt 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. [WSJ] • Vikram Pandit is still engaged in spring cleaning at Citigroup. Sell, sell, sell! [NYT] • “Shame on you! You lied!” says one Bear employee to his bosses.
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