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Re: croumagnon post# 10700

Friday, 05/09/2008 7:59:56 AM

Friday, May 09, 2008 7:59:56 AM

Post# of 19309
OT? Not entirely:

From today's WSJ:

http://online.wsj.com/article/SB121027561480578193.html?mod=hpp_us_whats_news

In a sign that crisis continues to reverberate through the financial sector, American International Group Inc. reported multibillion-dollar losses Thursday. The giant insurer also announced that it would raise $12.5 billion in capital to replenish its balance sheet.

AIG's results show that while the credit crunch may be easing on Wall Street, it appears to be tightening elsewhere.


I still think our situation is being impacted by the ugliness of the credit markets. I hope the tide is turning. It seems to be in some areas. But, as Margo famously said, Fasten your seatbelts, it's going to be a bumpy ride."

A slight misquote, as I'm sure some will point out...

;o)

Thurly

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