[quote=kev374]Apparently Goldman and JP Morgan have taken care of the capital requirements so this is all frivolous reporting. AIG is fine. They have $500 billion in assets.[/quote]
The absolute level of a firm’s assets is meaningless. It’s the level of assets RELATIVE to its liabilities. My guess is that the reason the private sector has bailed on AIG is because it suspects that AIG’s liabilities are greater than its assets (on a liquidation basis). I suspect the market is right. Without the Fed, AIG is toast at this point.
