Wednesday, Dec 17, 2008
here we go again!
bloomberg: AIG Writedowns May Rise $30 Billion on Swaps Not in U.S. Rescue
“Every time I look at their statements I find something new,” said Donn Vickrey, executive vice president of Gradient Analytics in Scottsdale, Arizona. He estimated that AIG may need to take at least $28 billion in additional writedowns on swaps covering European corporate loans and prime residential mortgages, as well as collateralized loan and debt obligations.
Posted by mark @ 01:36 PM (206 views) Add Comment
1 Comment
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1. fjcruiser said...
We are still a long way from the trillions CDS AIG sits on.Until that is solved, more and more tax payers money will be chanelled into this company.