American International Group, Inc. (AIG)

[martingale]

Did anyone happen to catch Warren Buffett on the Charlie Rose show yesterday which was on the PBS channel out here on the West Coast yesterday? It was a very personal look into the life and thoughts of Mr. Buffett. He did discuss AIG in brief and of course the current state of affairs on the economy for one hour without interruption.

The bottom line is he does not think the Rescue Package will
avert more economic contraction in the USA and the World, however he was optimistic about the future once the economy kicks into gear. He had a number of important statistics to consider and one of them was he expects a further decline in the average value of American homes by 15-20% but that is still not bad as homes had appreciated by up to 60% on average.

He did not discuss his plans for AIG as I recall in terms of
placing more Berkshire Hataway money into a possible position with some of the assets.

http://www.pbs.org/