AIG falling hard

$2.20 falling again.

 

anybody besides me think this thing opens in the pennies tomorrow?

 

That happens look out below. If you thought Monday was bad.....

 

FRE penny

FNM penny

LEH penny

BSC gone

MER gone

WM almost a penny

COF hmmmmmmm??????

AIG ?????

 

I am totally against Guvment Bailouts... but, its weird, since i went long AIG this morning - i feel, impartially, that its time for the Guv to step in and Bail Them Out - Its Only Right...

 

116,000 jobs at AIG

thats alot of jobs gone if aig goes bankrupt

 

Not even the most astute will know, but one thing he knows is not to hold the bag overnight.

 

Think we'll get a final Fed-induced rally at 2:15 to short into?

 

I hope so, however....

If they dont cut markets will sell off on rumor that there was "SUPPOSE" to be a 25BP cut.

IF they cut 50bp I think panic will set in because this might mean things are alot worse than they are making it out to seem.

Their statement is going to be a definite market mover.

Less than 2 hours away.

EXTREME VOLATILITY IS COMING.

 

This is a serious game of pimp guts.

AIG is asking for $27 a share bail out/bridge loan for their 86% institutional holders.

Common sense says let them fail.

These boneheads just paid out a .22 dividend on 9/3.

What are they going to do with bridge loan?
Pump it into operations or maximize their exit?
They have a fiduciary duty to their shareholders.


Bankruptcy is imminent.
They should promise the world to get any cash loan they can.
Order an emergency Dividend paid to the shareholders.
Just walk away and let everything else burn and leave the cleanup to their creditors.