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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (7103)	5/8/2008 4:18:01 PM
From: RockyBalboa	Respond to of 71456

In a desparate move, AIG offers common equity units to the tune of 7.5B. Any takers? Are you hedged? Press Release Source: American International Group, Inc. AIG Announces Offerings of Common Stock and Equity Units for an Aggregate of $7.5 Billion Thursday May 8, 4:15 pm ET NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (AIG) announced today that it has commenced offerings of its common stock and equity units, for an aggregate amount of $7.5 billion. The equity units consist of (i) forward purchase contracts that obligate holders to purchase AIG common stock and (ii) junior subordinated debt securities. AIG also expects to grant the underwriters for these offerings an option to purchase additional common stock and equity units in order to cover over-allotments.

To: RockyBalboa who wrote (7103)	5/8/2008 4:58:57 PM
From: RockyBalboa	Respond to of 71456

AIG is very bad. AIG is likely defaulting on its debt. It is likely out of compliance with its covenants.

To: RockyBalboa who wrote (7103)	5/13/2008 3:32:19 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 71456

AIG > Message 24582559 AIG Should Postpone Annual Meeting, Greenberg Says By Hugh Son May 12 (Bloomberg) -- Former American International Group Inc. Chief Executive Officer Maurice ``Hank'' Greenberg said the insurer is in ``crisis'' and should delay the annual meeting so shareholders can consider the impact of two losing quarters. ``Several top shareholders of AIG have called me expressing deep concern about the persistent and seemingly endless destruction of value at AIG,'' he wrote.