Wait and see after 4PM.
My broker says that AIG is about to sell its assets in India today. He says that the reasons that pps does not collapse after Cramer evil comments is because of strong rumor about large sale of assets to biggest Indian company Tata today.
another link from WSJ
LONDON (Dow Jones)--Information packs for the sale of some of American
International Group Inc.'s (AIG) assets will be sent out in the next few
weeks, people familiar with the matter said Friday.
The wounded insurance giant is selling a series of assets to address a
massive capital shortfall and pay back its borrowing under a $85 billion
emergency credit line from the U.S. government.
Goldman Sachs (GS) is advising on the sale of three Japanese life insurers,
three people said. These companies are AIG Edison Life Insurance Co., AIG Star
Life Insurance Co. and Alico Japan.
AIG also plans to sell a minority stake in American International Assurance
Co., which sells life insurance and retirement products in India, China and
other parts of Asia-Pacific.
Citigroup (C) is sell-side adviser for that process, two people said. But
another person said Goldman may have been appointed along with Citi for that
wow, $25 bln. Drop in the bucket. Tuesday they're gonna get hit for $200 bln + bucks. Good thing AIA is gonna bring in 20 bln.
You people dreaming thinking this stock is anything but dead in the water. Guv=mnt threw them a life line to keep them afloat long enough to try and straighten this mess out. Letting AIG fail 2 weeks ago would have been catastrophic. Now, it can be handled through asset reallocation.
LMAO, I've shorted this dog into the ground and will continue to do so.
ur dreaming. Keep telling yourself that. I remember reading similar drivel on the LEH board....the night before it went under. THe feds with Liddy are keeping this thing afloat long enough to scuddle her.
Wait for tuesday, hard to ignore a $200 bln + insurance claim. It'll be bankrupt that afternoon.
Tata Sons may buy stake in AIG`s Asia unit: reports
India Infoline News Service / Mumbai Oct 17, 2008 11:43
AIA, AIG`s Singapore-based wholly owned subsidiary, is worth around US$20bn to US$25bn
Tata Sons is reportedly in initial stages of talks to buy stake in AIA, a major Asian unit of American International Group.
Tata Sons may pursue a variety of options, including taking a 49% stake in the unit, known as American International Assurance Company Ltd. (AIA), the report stated.
AIA, AIG's Singapore-based wholly owned subsidiary, is worth around US$20bn to US$25bn.