Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
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After Lehman's collapse yesterday it looks like AIG are going to go the same way, got $20bn off new york state via shares.
Then lost 60% of share valve yesterday.
Its shocking how big companies have been so reckless with their money.
[Edited on 16-09-2008 by Jodi_the_g]
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Tommy
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Registered: 24th Aug 00
Location: Essex, Colchester
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Wonder who's queing up for the Man U sponsorship
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
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I thought the same, I be so pissed though if I lived in NY that my tax money was bailing out company's.
They make alot of money by making risky fininacal moves why should they be bailed out when it fails.
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Tommy
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Registered: 24th Aug 00
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Stoopid Americans, its not like us English have money problems
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Hammer
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Registered: 11th Feb 04
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Most of AIG's companies are healthy from what i understand reading the FT, it's just 1 drain they can't seem to find the capital quickly enough to cover.
That's the fault of the global credit crisis not AIG strictly speaking.
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Jodi_the_g
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quote:
Originally posted by Hammer
Most of AIG's companies are healthy from what i understand reading the FT, it's just 1 drain they can't seem to find the capital quickly enough to cover.
That's the fault of the global credit crisis not AIG strictly speaking.
I agree to a degree but the same happened to northern rock and apperently the asian markets where withdrawing money from them when they opened making it worse this morning.
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Robbo
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Registered: 6th Aug 02
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AIG won't go under
For a start they aren't a bank so they won't suffer a run like NR did
And I repeat, AIG won't go under
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Hammer
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I wanted to see the battle of the gaffer taped sponsor shirts as well, Man U v West Ham 
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Robbo
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Ditto tbf!
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Jodi_the_g
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Location: Washington D.C
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Well according to the News this morning that when the market opens in New York they will be in the shit.
They need $40bn but only got 20bn.
And the US federal reserve have just said no.
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Robbo
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Registered: 6th Aug 02
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Theyve said no because they might not need to hand voer extras, if it becomes veident that they will then im sure they will come to their resuce as thye did for merrill lynch, fannie mae, freddie mac etc (sucks to be lehman bros :/)
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Tommy
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Nice typing Robbo 
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Jodi_the_g
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Registered: 7th Aug 01
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Merrill Lynch was bailed out by Bank of America.
I just think its funny as on the news they got all the american's crying that their country is fucked.
Even my mrs keeps going omg America is so screwed.
They all still think they are a superpower.
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James
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Registered: 1st Jun 02
Location: Surrey
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Merrill Lynch bailed themselves out.
They approached various institutions asking for a takeover. First they approached Goldman but the terms weren't right so they approached Bank of America and struck a deal.
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Jodi_the_g
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And wiped a fortune off BOA share price, what thanks lol.
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James
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Yeh but BOA knew that would happen. It was obvious.
It will be worth it in the end though.
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Jodi_the_g
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Hope so I have shares and all my accounts with Bank of America, don't want my monthly fees going up.
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corsa - gus
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Registered: 8th Jan 07
Location: Aberdeen, Scotland
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My boss just bought a fortunes worth of AIG shares this morning, he says he did the same with Northern Rock when they hit troubles. He reckons that its one of the safest bets around atm.
According to him AIG have one main problem, cashflow, the money is there its just they don't have their hands on it. They have a host of assets therfore won't go tits up.
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James
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quote:
Originally posted by corsa - gus
My boss just bought a fortunes worth of AIG shares this morning, he says he did the same with Northern Rock when they hit troubles. He reckons that its one of the safest bets around atm.
And Northern Rock got nationalised..........good move.
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Jodi_the_g
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quote:
Originally posted by James
quote:
Originally posted by corsa - gus
My boss just bought a fortunes worth of AIG shares this morning, he says he did the same with Northern Rock when they hit troubles. He reckons that its one of the safest bets around atm.
And Northern Rock got nationalised..........good move.
Was about to say the same.
Americans hate nationalisation as they think of it as a commie idea.
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corsa - gus
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quote:
Originally posted by James
quote:
Originally posted by corsa - gus
My boss just bought a fortunes worth of AIG shares this morning, he says he did the same with Northern Rock when they hit troubles. He reckons that its one of the safest bets around atm.
And Northern Rock got nationalised..........good move.
It was quite when you think about it, he got the money he invested back with a little more on top all in the space of a couple of weeks. I would be reasonably happy tbh
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Hammer
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Registered: 11th Feb 04
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quote:
Originally posted by corsa - gus
My boss just bought a fortunes worth of AIG shares this morning, he says he did the same with Northern Rock when they hit troubles. He reckons that its one of the safest bets around atm.
According to him AIG have one main problem, cashflow, the money is there its just they don't have their hands on it. They have a host of assets therfore won't go tits up.
That's all it is from what i understand, they're struggling to find bridging loans in the interim due to the fact no one is big on lending just now.
Like Robbo said, they won't go under so it's a pretty decent shout for investment.
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James
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Registered: 1st Jun 02
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quote:
Originally posted by corsa - gus
quote:
Originally posted by James
quote:
Originally posted by corsa - gus
My boss just bought a fortunes worth of AIG shares this morning, he says he did the same with Northern Rock when they hit troubles. He reckons that its one of the safest bets around atm.
And Northern Rock got nationalised..........good move.
It was quite when you think about it, he got the money he invested back with a little more on top all in the space of a couple of weeks. I would be reasonably happy tbh
How? Did he sell before they got nationalised? If so then I wouldn't say it was clever, just lucky IMO.
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Daniel_Corsa
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I was looking at NR shares when they were sliding, as it was obvious safe bet you wouldn't loose much if anything and large chance you would make a killing.
Not such a safe bet with AIG, and way the american market is.
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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corsa - gus
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I'll ask him in a mo as to how but he was talking about it this morning and said he had made a few quid of it at the end of the day. Even if it is lucky, all investment in stocks and shares requires an element of luck.
AIG would be a sound investment if what I was told this morning is true. If I had some disposable money I would be sticking it into AIG
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