AIG falling hard

AIG goes under and the DOW is losing another 500-1000 points.



I want to know who will replace AIG in the DOW 30???

 

Time is the killer here, AIG must have been aware the issues for some time. my question is why the he** did wait so long to disclose them?

 

Berkshire should be in the Dow and S&P500, unfortunately it's too thinly traded.

 

problem has been there for a while, they knew it all along. so i guess i came down to taking scrutiny for 3 days or for months after months. ??

 

heaven help us

1.91 now

 

Below 2 now.

edit - someone beat me to it.

 

Bye Bye - AIG

Once in bankruptcy any inurance claim will only be paid by Court Order.

Going to tie up the court system for many years....

 

This is what happens when you have friggin' insurance companies trading.

 

Great little day trade today though. In and out nice. Also keeping very small position just for the ride... waiting for news.

 

missed the long from 1.40 to 2.80

should have been quicker