American International Group, Inc. (AIG)
A holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. Its primary activities include General Insurance and Life Insurance & Retirement Services operations.
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I don't even know what to say. Garbage.
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I love making fun of this crap company. I get the same gleeful feeling I get when I make exaggerated lies that have small degrees of plausibility.
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I have little doubt we are in the beginning of a Depression and the government is trying to buy our way out of it which will only compound the problem.
Anger at banks is growing as their employees remain wealthy as middle class America suffers. They are attempting to reinfalte house prices instead of letter Americans win by finding a natural bottom.
98% banks are essentially insolvent.
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For AIG to be trading at this price ($38.00 - 11/5) is absurd. The only reason it is still in business is because it has powerful friends. Give a bum a dollar and he will need more later.
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My Rationale: Common Sense.
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American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG’s primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In December 2008, AIG’s United States life insurance companies sold its residential mortgage-backed securities portfolio to Maiden Lane II LLC. On April 1, 2009, AIG completed the sale of AIG Life of Canada to BMO Financial Group, and Hartford Steam Boiler to the Munich Re Group.
The unstable stock price matches this unstable company. It had a nice percentage gain today, which reminds me of GM after it went bankrupt. Short term sell.
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Too much debt
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was'nt this worth like a buck yesterday.
part II
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This company is virtually worth nothing right now and until the Feds takes their grubby hands off, IT CANNOT GO UP
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This is a very dangerous play, I will advice investors to get out from this one ASAP.
The strategy in my opinion is to sell parts of the company that are less profitable, however they need to pay back the government and for that they will be forced to sell some efficient and profitable units as well worldwide.
The government helped this company and therefore it is not in its best interest a sudden drop, it will be slow, bit by bit..
I believe that this company may fail for bankruptcy over a period of 1 to 2 years, I will stay out of it.
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They aren't going to pay off the government any time soon, the interest on the loans is going to continue killing them. They are going to continue selling business units until 5 years from now AIG is a shell of what it used to be (and a shell of what it is now). True equity worth is ZERO.
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STILL TANGLED IN A WEB OF LOSSES.....NO UPSIDE....BRAND DESTROYED
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Eventually after the speculation of good things for AIG dies down and the real numbers come out... wtih all the toxic assets they have insured etc.. the stock will tumble back dwon to 20$/share or lower
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tehyre robbing us bling and throwing our money in the trash
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tenmiles
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Bouncing off the top trend line, down to 35 it goes...
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They still recovering from negative
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Just out of frustration for their role in this crisis.
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this one is going bankrupt folks.
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New investors please beware!!!! the reason stocks like these have made gains is only because of the uneducated investors( n i actually dont mean that offensively) have bought into them with the mentality " they were huge before so they will be again, n its a good time to get in". that is not true. these companies have burned through money like hellfire n have proven to have shady management. they r bubbles waiting to burst hard!!! plus for new investors a bubble is an on overly large rise in value or false rise in value that is waiting to blow n plummit!!!! dont buy them!!! there r much more intelligent buys out there!!!

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