Shares are not worthless. They have within them value that in the recent weeks and months has not been accessible. But now that value is accessible. Confidence in the future of the company is back. .2 of a company that is surviving is worth a lot more than 1.0 of a company facing bankruptcy.
Accessible value soon will be in 2 digits for diluted shares.
this is nor like fre/fnm, as soon as you shorts realize what is going on in reality you're going to get burned severely wednesday, i'm happy for aig commons, just wish i'd been that lucky with fre, f in gov didn't loan us any money f in crooks.
AIG Insurance Companies will not be allowed to write any new business since they are worse than impared. The Federal Gov't will seize all the operating cetificates of all the AIG Companies. No new revenue comming into AIG! Just service the existing policies. The State Regulators are FINISHED.
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.
This whole financial mess was orchestraed a long time a go at the top of the food chain and it has played out perfectly for those super secret hedge funds - where's the FBI in all this. these hedge funds re like the plague they'll keep on going and eventually the gov't will call uncle.