AIG just said their sub prime exposure is fine and now today they just said its getting worse. nobody knows.
ditto. same as everyone else thought. i pointed this out over several weeks ago and got the usual laughing brigade knocking me. not laughing now are they. this is only the beginning of this move. all the cash markets seized up in europe this morning as no banks wanted to lend to any other banks. short term cash went through the roof. finally this all spreading but we have not seen the blow off yet. be warned.