Of Course, the US Gov’t owns it.
How many bailouts is too many bailouts?
AIG should have been stabbed through the heart at the first go round, but wasn’t because it would have brought down Goldman Sachs.
Now it’s going to melt down again. How much this time? 90 billion? 120 billion?
Now, here’s a case of the pot calling the kettle black. How much equity value does Citi have?
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IMO-AIG is a loss. They just did a 20-1 reverse split a couple days ago. Their stock price has plummeted from $22 post split to $10.80 today. The short sellers are eating AIG up!