Monday, February 23, 2009

Who's Running These Companies?

Good golly! (And that's the clean version). What the heck is going on with these big companies? How can you suddenly realize you're losing all this money.

The AIG Money Pit

Back for more: Sources close to the company said the loss will be near $60 billion due to writedowns on a variety of assets including commercial real estate. That massive loss is likely to spur downgrades in its insurance and credit ratings that will force AIG to raise collateral that it doesn’t have. I’m not even going to [...]


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