CNBC doing over time. Maria Bartiromo, Larry Kudlow, et.al.
AIG's rating has just been downgraded by Moody's and S&P. Billions will have to be raised tomorrow to keep AIG liguid.
As of now Moody saying, "Significant execution risks with AIG plan"
Asian markets reacting negatively already.
AIG may fall, so tomorrow could be another blood bath because they or surrounding companies domestic & world wide can't come up with the money fast enough to support them.
Very treacherous times...if the Fed has to step into this situation and bail them out, after Bear Stearns and Fannie Mae and Freddie Mac, we'll be so far in the hole in this country you won't see daylight in your lifetime.
Some analysts saying this is a worse state of affairs than the Great Depression...
On the bright side? This too, shall pass. Some day...
