Looking at this markets the share price must be proportion with the index future level which will only give confident to investor keep pump money to support.As AIG is a gaint insurer and is support by US gov should lead and show the world confident for stabilization.
If I remember correctly, prior to the government takeover , S&P, Moody’s and A.M. Best rated this company AAA and all of the products they sold as investment grade securities. Now that the U.S. Government is broke after bailing out AIG, GM, Chrysler etc. I wonder if the folks from these fine rating establishments still think of them as investment grade so the various pension funds can start investing in them again???
One must assume that the Feds will bail out the next Enron and save the next Arthur Anderson as well.
Looking at this markets the share price must be proportion with the index future level which will only give confident to investor keep pump money to support.As AIG is a gaint insurer and is support by US gov should lead and show the world confident for stabilization.
The Zombie continues to stalk the night even as the master zombie faces a devastating case for putting him out of his misery.
If I remember correctly, prior to the government takeover , S&P, Moody’s and A.M. Best rated this company AAA and all of the products they sold as investment grade securities. Now that the U.S. Government is broke after bailing out AIG, GM, Chrysler etc. I wonder if the folks from these fine rating establishments still think of them as investment grade so the various pension funds can start investing in them again???
One must assume that the Feds will bail out the next Enron and save the next Arthur Anderson as well.