AIG falling hard

Discussion in 'Trading' started by JamesJ, Sep 16, 2008.

  1. huh

    huh

    I have a question, I'm trying to get my arms around this AIG mess and why they need to be bailed out rather than to fail. So what exactly is the fallout of AIG going bankrupt?

    Yes I know the markets will tank, but whats the actual real world fallout on main street if AIG goes bankrupt?
     
    #41     Sep 16, 2008
  2. Counterparties can fail if their insurer doesn't pay claims
     
    #42     Sep 16, 2008
  3. even with talk of bridge loans....

    stock is trading at 1.70 after hours

    definitely could open in the pennies tomorrow
     
    #43     Sep 16, 2008