Search Results for: AIG
There had been hopes that Hank Greenberg was going to come with his own plan to save American International Group (NYSE: AIG). That was removed yesterday after the company agreed to the government...
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AIG has already taken in $180 billion of taxpayer money and there is absolutely no reason to believe that most of it will be returned. The insurance company is still losing money and its efforts to...
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Martin Sullivan, the CEO of AIG (AIG), was sent to the guillotine yesterday. The beheading of financial company chiefs is now so commonplace that crowds don’t even gather anymore to witness the...
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American International Group, Inc. (NYSE: AIG) is making money on an operating basis. Joe Public, a.k.a. the Taxpayer, is making money then rightg? Maybe. Uncle Sam Insurance reported earnings...
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American International Group Inc. (NYSE: AIG) may have yet one more rabbit to pull out of the hat that could pay back the American taxpayers who funded its bailout during the financial meltdown. ...
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Since AIG (AIG) is handing out money to anyone it can find, why not give some cash to hedge funds to help them show profits and potentially make their partners millions of dollars.According to The...
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AIG (AIG) plans to sell its auto insurance unit, annuity operations, and aircraft leasing division. It sounds a lot like Lehman’s (LEH) plan to spin-off its commercial real estate pool and sell a...
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AIG (AIG) will sell several divisions to raise the capital it needs to stay independent. According to The Wall Street Journal the big insurance company "plans to disclose a comprehensive...
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One of the things that Congress and the Administration knows but do not want to admit in public is that bailouts are messy affairs where most of what is planned does not work and one of the...
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Hank Greenberg, former chief of AIG (AIG), still walks the avenues of Wall St. at night, plotting how to get his old job back. He has been in a series of disputes with the company since he was asked...
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American International Group Inc. (NYSE: AIG) is under pressure. This morning is the effective date of a 1 for 20 reverse split. Our closing bell price was $1.16 yesterday, and that would imply a...
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It seems like a devilishly clever plan. The US government already owns 80% of AIG (AIG). Why not break the company into pieces and let taxpayers own larger chunks of the parts? The plan assumes that...
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It is beginning to look like the Feds think AIG (AIG) may have misled investors when it valued some of the securities it held. Is it OK to cover-up earnings numbers? Perhaps AIG thought it would work...
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No one could quite get to the crash victim, and now it seems certain AIG (AIG) will not make it out of the wreck.After staging a rally during the day, AIG’s shares closed down 21% at $3.75. After...
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