After disaster of Hurricane Ike in Texas, Houston residence and business owners will claim for their damages, who ever is insured with AIG, who will claim it from AIG, Which will be about Eight Billion Dollars to Eighteen Billion Dollars. How is AIG gonna pay those claims? The world’s biggest insurer, is planning a Twenty billion dollar asset sell-off, Who will invest in such a recession market? AIG’s stock hit fifty-two week low on Friday to $ 11.49 from its high $ 70.13. Hank Paulson – The man who saved Fannie and Freddie, is the farm boy who grew up to become the US Treasury Secretary, will he be able to save AIG. Will AIG be bankrupt soon?
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Great post. Thanks for the info.