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American International Group, Inc. Message Board

  • ibdtrader ibdtrader Sep 16, 2008 7:56 PM Flag

    CNBC's DAVID FABER: "AIG SHARES TO BE WORTHLESS..."

    ..."...as a result of the Fed plan.".

    Goodnight AIG Shareholders. Game, Set, Match. Over.

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    • AIG is impared. They can't write any new business in any of their Company''s. No new revenue comming into AIG. Slow death by servicing the existing business only by selling off assets....the game is over!!!

      Whats worse is this one....

      I found out more information on these Examinations of the AIG companies.

      A friend of mine, who used to work for the NYS Insurance Dept, but who now works for AIG, DBG Brokers, told me it is some firm of Consultants out of Dover, Delaware and Philadelphia, PA who white washed the AIG Insurance Companies. All these Consultants were interested in was filling their pockets with Examination Fees and big Daily Expense amount for Travel and Stay overs in NYC cause the Rate is the highest in the Country for Expenses in NYC. What a joke. The fix was in from the begining of the Examinations and the Consultats were all fighting to try and get on the Examination for the Big Bucks. I hope they all go to prison for the Fraud they have committed.

    • Only thing that is worthless is Faber. Read my Stanfard and Poor Post on current AIG valuation under "S&P Valuation of AIG." They say AIG shares are worth $6-7 currently.

    • Ironic is it not? The unregulated shorts who contributed to the demise of AIG are to be further rewarded by the Fed, a Fed which is more than a little responsible for the lack of regulation that led to the fiasco in the first place. Given the continued lack of responsibility at the the Fed, these failures will continue into future disasters. A dead end...

 
AIG
53.05-0.30(-0.56%)Jul 30 4:01 PMEDT

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