AIG’s Mess Continues, Right in the Middle of Spring Cleaning

Posted by on May 9th, 2008 at 12:16pm

Finance, Economy-Business News, Stock Market wrote an interesting post today on
Here’s a quick excerpt
FINANCE • AIG posts $7.8 billion in losses this quarter, dwarfing the $5.8 billion they recorded last quarter (and you thought $5.8 billion was a number that couldn’t be “dwarfed”). The insurance giant will be raising $12.5 billion in capital. [WSJ] • Vikram Pandit is still engaged in spring cleaning at Citigroup. Sell, sell, sell! [NYT] • “Shame on you! You lied!” says one Bear employee to his bosses. “And, of course, the loyal employees your glib lies hurt the most are those who earned the

Read the rest of this great post here

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