American International Group, Inc. (AIG)

[Porgie Tirebiter]

Political pressure to wrap up this "bail-out" is building fast. Stakeholders, not taxpayers, should be on the hook for failure.

http://www.marketwatch.com/story/too-big-to-fail-banks-to-bail-themse...

It doesn't really matter what AIG posts for earnings in the 3Q as the stock which trades under the symbol AIG is disconnected from any underlying equity. The U.S. government owns more of AIG than the underlying equity is worth. AIG carries it's assets on the books at over stated values. The Nan Shan sale is an example.

http://www.marketwatch.com/story/aig-to-lose-14-billion-on-nan-shan-s...

ILFC's attempts to re-finance rolling debt which has begun to expire just this month will quickly snowball into a crisis within a crisis. This former earnings champion within AIG will quickly become another huge sinkhole for taxpayer's dollars unless a resolution is found quickly. While Udvar-Hazy's plan to take the best, and leave the garbage behind is probably not a good one for AIG, it may be the only solution. AIG's only other choice is to continue to subsidize it by giving it more U.S. taxpayer's dollars.

http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN28...


I'm with this crowd right here; I'll buy a new set of puts if AIG rises any significant amount.


http://www.schaeffersresearch.com/commentary/content/option+skews+-+r...