Tuesday, Sep 16, 2008
Hold the front page.
Reuters: AIG hires law firm to draw up bankruptcy papers: report
American International Group Inc has hired law firm Weil Gotshal to draw up bankruptcy papers, the New York Times reported on Tuesday.
AIG could file for bankruptcy as soon as Wednesday if a financing solution is not reached.
Posted by gardeniadotnet @ 11:58 PM (443 views) Add Comment
4 Comments
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1. paul said...
Holding the world to ransom.
2. gardeniadotnet said...
@paul - yes, but I can't see any obvious medium/long term beneficiaries at the moment.
BTW: AIG down approximately 50% at the moment in after-hours trading.
http://finance.google.co.uk/finance?q=aig&hl=en
3. whiteknight said...
If anybody did that kind of brinkmanship to me. They better know whats going to happen. They aint holdin' nothin' to ransom.
4. planning4acrash said...
One thing to remember, whilst the system falls, that, as the great late Bob Marley once said "The Babylon System is the Vampire" - It is not our system. Do not be bereft, just damn well think about how you want your life to be like and get organised damn it!