Sunday, December 20, 2009, 5:27PM ET - U.S. Markets Closed.

From ClusterStock, Dec. 10, 2008:
After all the money AIG's had shoveled at it, why does it need another $10 billion? Because, as the Wall Street Journal reports, the money its gotten from the government are supposed to pay off its bad CDS bets -- essentially, the money went to retiring the underlying CDO --- but it's also stuck $10 billion on what were just bad bets, not necessarily designed to help clients manage risk.
The $10 billion in other IOUs stems from market wagers that weren't contracts to protect securities held by banks or other investors against default. Rather, they are from AIG's exposures to speculative investments, which were essentially bets on the performance of bundles of derivatives linked to subprime mortgages, commercial real-estate bonds and corporate bonds.
These bets aren't covered by the pool to buy troubled securities, and many of these bets have lost value during the past few weeks, triggering more collateral calls from its counterparties. Some of AIG's speculative bets were tied to a group of collateralized debt obligations named "Abacus," created by Goldman Sachs.
Thank you very much Federal Govt. Why not give them more of our tax money to AIG so they could go now party in outer space.
These guys are turning out ot be the biggest joke going. The once "mighty" aig who ran roughshod over the market and sometimes their own clients now is sneaking around with their tin cup asking for charity. Close them down and let the market forces work. AI WE, we own em'. odd
No comments : either I like it or not it will be done........By Grandmaster Paulson.......sorry, I am novice and no chance........my move is futile ..........The name of the Moves is AIG variation...I am out-date in this Chess Book.......
when you have business all over the world, that basically isnt allowed to fail, what is the risk in making high beta bets on stuff you dont understand?!! no risk whatsoever....lesson kiddies: get your loved ones in one of these "NEEDED" companies!
Let`s bailout the auto makers instead.AIG already had there chance.!
More to come from AIG FP, United Guaranty losses, and subprime lending unit.
I think most people miss the point about the TARP. What the government is doing is injecting liquidity into financial institutions so it doesn't have to take them over. Believe me, if you think AIG is bad now, wait till you dump it on the feds to run. Afterall, AIG is just losing billions, our government is well on the path to losing trillions.
hey, guess what? Same headline 2 months from now, replace AIG with Auto Industry.
WE give these crooks 100 billion and we can't give the auto industry who are just "stupid" 34 billion. Go figure
Instead of throwing more dollars into the trash, why not just give every tax paying American 25,000 or 50,000 and let us take it from there. Cheaper and easier and a heck of a lot more affective.
I WONDER IF "GOVERNMENT OVERSIGHT"GAVE WALLSTREET,, A "DYSON"OR A "HOOVER"TO SUCK UP ALL THE MONEY,,OR WAS MORE LIKE A 3 LANE ROAD "VACUUM" CLEANER,,OR AN INDUSTRIAL "SUPER SUCKER"...... 2 TERMS AND DISAPPEAR ,,,,,,,,,TTOAD.. OVERSIGHT MY ASS
Here is another perfect example of how our government works. Money is handed out with zero oversight and look what happens. This is why these bailouts are insane. The people in charge of taxpayer money are proving they really are incompetent and they still get elected back into office over and over again. I would love to hear from people that voted for Pelosi, Reid, Frank and Dodd as to why they keep voting for these losers? There has to be some reason that escapes me? They give away $350B to people that have no regard for taxpayer concerns and spend it to enrich themselves instead of taxpayer protection. Are there any Pelosi, Reid, Frank, and Dodd advocates out there? Let's hear what you have to say? Let's hear why you think these people are doing the right thing for America? Send in your comments.
AIG IS DISGUSTING. We spend an inordinate amount of time roasting the Auto Executives over a mere 15 Billion and these "Carpet Baggers" form AIG just keep putting their hands out for more. The Gov't. should just take over this inept organization and replace the entire executive level of management. This is SINFUL!!!
Serves them right! One of the motorists they insured ran into me 2 years ago and AIG refused to pay my claim! Instead they tied it up on court for 2 years. I guess Kharma really does work...
enough is enough!!!! we should demand immediate liquidation of the s**t hole to repay whatever leftover back to the taxpayers. don't throw the good money after the bad money. this is outrageous and sad....this is beyond words. folks... if they want the money. their CEO should drive their cars to the capitol hill (if on private jet first time, and should go back and drive their own car the second time) and go through all the ordeal the big 3 CEO went through, begging for the money in national TV and let everyone see who these crooks are...
Oil above $44 as investors anticipate OPEC cut-Article Headline. Let them speculate and cut all they want....gas stations will close down next year.
all the blokes need is another 10 B? this is all turning into a witch hunt for US taxpayers dollars Let em fend for themselves. Glad they paid what debt they could but they need to stand toe to toe with the market with their own decisions...............................
Saving AIG was about saving Goldman and its cohorts. don't kid yourself that it was anything but that.
No one, I repeat no one understands the situation. Not Paulson, not even Obama. We are headed down a dark, deep and depressing hole my friends. History will tell us that the Free Markets should have been allowed to work. What Congress is allowing will spell disaster.
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Yahoo! Finance User - Wednesday December 10, 2008 09:13AM EST
Of course they do the crooks they are. SCREW EM!!!!!!!!!!!!!