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langostino

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langostino

Re: greenehugh post# 597727

Monday, 09/15/2008 12:20:36 PM

Monday, September 15, 2008 12:20:36 PM

Post# of 704019
Patterson - NY will relax insurance regs

... to allow AIG to shift $20 billion from insurance reserves to operating. They're halfway home. They need another $20 billion, then an SEC short restriction reinstatement overnight, plus revelation of their divestiture plan tomorrow pre-market, then a statement from the ratings agencies that they're satisfied, and that should do it. Time for shorties to get squared up and buy full protection.

And now, the ramp-o-rama short wedgie drama has already begun. Wheeeee.
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