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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (21015)4/8/2005 12:03:58 AM
From: Spekulatius  Read Replies (2) of 78666
 
AIG , bought back into AIG ( at a higher price - sigh) after it appears unlikely that Spitzer will press criminal charges against AIG. That was the biggest concern regarding AIG since criminal charges are very damaging to any financial business. So i hope that Hank just massaged the numbers a little (2B$ is little for a giant like AIG) rather than cooked the books a la Worldcom. Going forward, this won't the the old AIG any more but still a very strong insurer, at least that's what I am betting on.
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