The AIG fiasco is even bigger and uglier than most realize – and Washington is making the problem worse. Are there any hints of a solution on the horizon? Perhaps at least one...
Citigroup looks like it is going to break below $1 per share. It’s time for Citigroup to be nationalized. it’s not Pandit’s fault but I don’t see how he can keep his job with the stock in free fall. Can Citi lure any other highly successful competent executive to take this job right now?
AIG was in the busines of writing derivative contracts and swaps. Last year this aspect of their business has put them at deaths doorstep. In the fall of last year AIG was saved from collapse with a package that grew to $150 billion of bailout money. It has not stopped with, now AIG is seeking another $30 billion in new capital.
The question is will AIG survive? AIG has basically two terrible choices, they can sell prized assets to their competitors or they can
give a large portion of their business to the US Govt. AIG is faced with huge losses. The US government is trying to keep the giant
This is no ordinary downturn. After the biggest credit bubble in history, we face a correction on an unimaginable scale. Make no mistake about it: This is a credit-cycle bust that the government cannot stop. The losses are already catastrophic. And the massive unwinding is nowhere near finished yet…
Investors are fleeing the stock market as the rules of the game keep changing. But if you know what the next shift will be, you can stay ahead of the curve. Shah Gilani outlines the five coming “aftershocks” of this financial crisis, and what they mean for your portfolio.
A brief summary of the decreasing expectations and standards for the AIG bailout since its inception. What standards are firms going to be held accountable for in the next inevitable wave of bailouts, and how is the American taxpayer going to fare?
These violent market swings can be devastating for the short-term investor. But Jon Herring says market volatility is handing long-term investors a once-in-a-generation chance to buy world-dominating companies at bargain prices.
The buzz on Capitol Hill is that Congress could pass an updated version of the bailout bill before the end of the week. But Shah Gilani in Money Morning says taxpayers are being “force-fed a political solution, instead of a sound economic market-based solution to a financial crisis.” He says the the bailout bill has eight key failings.
