Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (62427)	4/21/2005 8:39:05 PM
From: energyplay	Read Replies (1) of 74559

I have sharply reduced puts on AIG and MBI - they are important enough to the financial structure that some banks, bond holders, and or government will parachute in some adult supervision, just like was done putting Warren Buffet on the board of Salamon Brothers and kicking John Gutfreind out. Also see new teams and Fannie, Freddie, Tyco, etc. Some Wall Street guy said if AIG gets a new adult CEO, that should be worth about 10 points for the stock. Also, AIG should have dropped under 50 by now...

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