AIG Downgraded! Terrible news

[kev374]

is this reliable? They are saying that if they can’t raise $75 billion by end of day tommorow they have to file bankruptcy on Wednesday. That seems a bit too far fetched for me to believe! If this is not the case then I would say CNBC is going down the path of very irreponsible journalism by spreading this kind of panic.

http://www.cnbc.com/id/15840232?video=857301616&play=1

[davelj]

[quote=kev374]is this reliable? They are saying that if they can’t raise $75 billion by end of day tommorow they have to file bankruptcy on Wednesday. That seems a bit too far fetched for me to believe! If this is not the case then I would say CNBC is going down the path of very irreponsible journalism by spreading this kind of panic.[/quote]

A week ago no one believed that Lehman would have to be sold or go BK. I’m not saying CNBC is correct, but it wouldn’t surprise me one bit if they are. Given the events of recent months, this is not too far fetched to believe.

[davelj]

[quote=kev374]is this reliable? They are saying that if they can’t raise $75 billion by end of day tommorow they have to file bankruptcy on Wednesday. That seems a bit too far fetched for me to believe! If this is not the case then I would say CNBC is going down the path of very irreponsible journalism by spreading this kind of panic.[/quote]

A week ago no one believed that Lehman would have to be sold or go BK. I’m not saying CNBC is correct, but it wouldn’t surprise me one bit if they are. Given the events of recent months, this is not too far fetched to believe.

[davelj]

[quote=kev374]is this reliable? They are saying that if they can’t raise $75 billion by end of day tommorow they have to file bankruptcy on Wednesday. That seems a bit too far fetched for me to believe! If this is not the case then I would say CNBC is going down the path of very irreponsible journalism by spreading this kind of panic.[/quote]

A week ago no one believed that Lehman would have to be sold or go BK. I’m not saying CNBC is correct, but it wouldn’t surprise me one bit if they are. Given the events of recent months, this is not too far fetched to believe.

[davelj]

[quote=kev374]is this reliable? They are saying that if they can’t raise $75 billion by end of day tommorow they have to file bankruptcy on Wednesday. That seems a bit too far fetched for me to believe! If this is not the case then I would say CNBC is going down the path of very irreponsible journalism by spreading this kind of panic.[/quote]

A week ago no one believed that Lehman would have to be sold or go BK. I’m not saying CNBC is correct, but it wouldn’t surprise me one bit if they are. Given the events of recent months, this is not too far fetched to believe.

[davelj]

[quote=kev374]is this reliable? They are saying that if they can’t raise $75 billion by end of day tommorow they have to file bankruptcy on Wednesday. That seems a bit too far fetched for me to believe! If this is not the case then I would say CNBC is going down the path of very irreponsible journalism by spreading this kind of panic.[/quote]

A week ago no one believed that Lehman would have to be sold or go BK. I’m not saying CNBC is correct, but it wouldn’t surprise me one bit if they are. Given the events of recent months, this is not too far fetched to believe.

[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.

[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.

[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.

[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.

[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.

[Bubblesitter]

Warren Buffet called derivatives “Weapons of mass destruction”. The outstanding AIG Credit Default Swaps that may be called in next few days could trigger a financial system meltdown. This is potential “world turned upside down” scenario.

God I hope I’m wrong

The Lehman, Merril Lynch, AIG employees and most of Wall Street probably feel that the world has already “turned upside down”

http://piggington.com/world_turned_upside_down

[Bubblesitter]

Warren Buffet called derivatives “Weapons of mass destruction”. The outstanding AIG Credit Default Swaps that may be called in next few days could trigger a financial system meltdown. This is potential “world turned upside down” scenario.

God I hope I’m wrong

The Lehman, Merril Lynch, AIG employees and most of Wall Street probably feel that the world has already “turned upside down”

http://piggington.com/world_turned_upside_down

[Bubblesitter]

Warren Buffet called derivatives “Weapons of mass destruction”. The outstanding AIG Credit Default Swaps that may be called in next few days could trigger a financial system meltdown. This is potential “world turned upside down” scenario.

God I hope I’m wrong

The Lehman, Merril Lynch, AIG employees and most of Wall Street probably feel that the world has already “turned upside down”

http://piggington.com/world_turned_upside_down

[Bubblesitter]

Warren Buffet called derivatives “Weapons of mass destruction”. The outstanding AIG Credit Default Swaps that may be called in next few days could trigger a financial system meltdown. This is potential “world turned upside down” scenario.

God I hope I’m wrong

The Lehman, Merril Lynch, AIG employees and most of Wall Street probably feel that the world has already “turned upside down”

http://piggington.com/world_turned_upside_down

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