[IWE] AIG has already burned through most of bailout money

Sat, 4 Oct 2008 11:51:37 -0700 (PDT)

--0-1249971814-1223146297=:97265
Content-Type: text/plain; charset=us-ascii

http://www.nytimes.com/2008/10/04/business/04insure.html?_r=1&ref=business&oref=slogin
>The American International Group said on Friday that it had already drawn down
>$61 billion of the $85 billion emergency bridge loan it received from the
>Federal Reserve two weeks ago,  an announcement that startled credit ratings agencies.
AIG has already gone through 3/4 of the bail out money. It isn't clear how much of that
was one time expenses and how much is ongoing. But they are already in a situation
where they need to move fast in selling part of the company to raise money.

Jay

--0-1249971814-1223146297=:97265
Content-Type: text/html; charset=us-ascii

<html><head><style type="text/css"></style></head><body><div style="font-family:times new roman,new york,times,serif;font-size:12pt"><div>http://www.nytimes.com/2008/10/04/business/04insure.html?_r=1&amp;ref=business&amp;oref=slogin<br>&gt;The <a href="http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-org" title="More information about American International Group">American International Group</a> said on Friday that it had already drawn down<br>&gt;$61 billion of the $85 billion emergency bridge loan it received from the<br>&gt;<a href="http://topics.nytimes.com/top/reference/timestopics/organizations/f/federal_reserve_system/index.html?inline=nyt-org" title="More articles about the Federal Reserve System.">Federal Reserve</a> two weeks ago,  an announcement that startled credit ratings agencies.<br>AIG has already gone through 3/4 of the bail out money. It isn't clear how
 much of that<br>was one time expenses and how much is ongoing. But they are already in a situation<br>where they need to move fast in selling part of the company to raise money.<br><br>Jay<br><br></div></div><br>

      </body></html>
--0-1249971814-1223146297=:97265--