AIG Divorce ASAP ohh no

S&P MAINTAINS HOLD RECOMMENDATION ON SHARES OF AMERICAN INTERNATIONAL GROUP (AIG; .55):

According to an unconfirmed report in the Financial Times, AIG and U.S. authorities are in discussions to execute a "controlled breakup" of AIG under which the government would swap its 79.9% equity stake in AIG for large stakes in AIG's foreign life, Asian operations and U.S. personal lines units in exchange for relaxed loan terms. Under this proposal, the remaining assets (presumably including the commercial lines business) would remain with the holding company. We keep our $0.50 target price, which is our lowest available target price. -C. Seifert

AIG IN GOOD SPOT

AIG should hit a remarkable .60 By MAR 1-3.

*American International Group Inc. may get a backstop from the U.S. to protect against further losses on credit-default swaps, according to a person familiar with the matter.

The federal guarantees may be included in New York-based AIG’s restructured bailout, which the company plans to disclose next week with fourth-quarter results, according to the person, who declined to be identified because the talks are private.

*AIG, the battered insurance giant, is reportedly facing a loss of up to $60 billion on Monday, according to several news outlets, and has received only paltry bids on several prized businesses

THIS JUST IN!!!!!!

NO TIME TO WRITE BUT FACT OR FICTION HERE WE GO.. THe 60 billion is all hype its an alleged purposeful leak to hit the market and sand bag the system. I don't write about useless facts and this could be one I'm only posting it because it concerns many people. I'm not going to comment on this .

Restructuring broken knots

U.S. officials are in advanced talks over a restructuring that would divide the insurer into at least three government-controlled divisions in an attempt to keep it afloat, the Financial Times reports, citing people close to the situation. nder the restructuring plan, the government would swap its current 80% holding in the insurer for large stakes in three units -- AIG's Asian operations, its international life insurance business and its U.S. personal lines business. A fourth unit, made up of AIG's other businesses and troubled assets, also could be formed, according to the Financial Times.

The U.S., in return, would relax the terms, or even cancel a large portion of a five-year, $60 billion loan to AIG and convert $40 billion worth of preferred stock into shares.

SIGNS OF LIFE AIG

Today will be a struggle for this company as usual. AIg will show signs of life maybe up into the .50's It has been said that the 60 Billion loss may hurt but this company is going to show more signs of life today then we have seen in a long long time.



(A hopeful forecast from Ben Bernanke helped stocks rebound from Monday's declines that sent the Dow industrials and S&P 500 index to 12-year lows. Bargain hunting and short-covering lifted financial and other stocks after the Federal Reserve chairman, in testimony to the Senate Banking Committee, said the recession might end this year. Bernanke also downplayed the idea of nationalizing banks as a way to ensure their viability, reports S&P MarketScope. ) FRom the The mwatch

HUGE MOver

Huge mover from three top sites................... AIG is on the move. Stay posted

$60 billion loss next MONDAY FACT OR FICTION

AIG's statement came after cable network CNBC reported that the company will report a $60 billion loss next Monday and is seeking more government support.

The loss may trigger more ratings downgrades, which would leave AIG needing to raise more collateral, according to CNBC's David Faber. The law firm of Weil, Gotshal & Manges is preparing a bankruptcy filing for AIG

AIG may look to convert preferred shares held by the government into common stock, Bloomberg reported, citing an unnamed source

AIG's discussions, said the losses to be announced next Monday were due to writedowns on commercial real estate and other assets

AIG said in a statement it had not yet reported results and would provide an update when it does so in the near future.


This is a whole lot to handle MY friends however SINCE AIG CAME OUT AND SAID IT HAS NOT been reported yet, only rumors can change the market as they are doing us with AIG most of us are in now for the long hall SO WE can take the hit knowing later our pockets will be filled.