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To: tom pope who wrote (79987)	7/9/2009 10:45:13 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 118717

Well AIG still had trouble written all over it.. but I find Paul's post particularly troubling.. kinda like main street is getting it.. but the epiphany ends there.. Message 25770154

To: tom pope who wrote (79987)	7/9/2009 11:01:46 AM
From: Keith Feral	Respond to of 118717

Good call on the gap. With $1.3 billion left in market cap, AIG really doesn't have any equity value left anyways. They are going on a global asset sale to divest all of their divisions to pay back the government. I don't think that Citi is doing anything other than highlighting the obvious that AIG will be a zombie. They are basically entering a work out phase that will shrink into nothing over time. I just hope the market gives them time to spin off all of the assets in an orderly fashion. Since the government already owns 80% of the company, fears of nationalization are already built in the stock. I'm sure that everyone on the face of the planet owns plenty of CDS contracts on AIG's failure, so they probably have about as much systemic relevance as GM at this point. Hopefully, everyone will realize it's in their best interests to keep AIG around long enough to keep taking advantage of their generosity.