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


To: ggersh who wrote (25031)11/30/2009 12:12:13 PM
From: RockyBalboa  Read Replies (1) | Respond to of 71447
 
Well, if a stock is not a small cap some analyst comments are needed to "justify" a stock move (regardless how fitting such comments are). People demand answers,...the worst thing is not to know why something happened.

The coffee will burn many of its believers,...in the coming few.



To: ggersh who wrote (25031)12/1/2009 12:17:04 PM
From: RockyBalboa  Read Replies (1) | Respond to of 71447
 
And bullish comments to run:... AIG, up more than 10% now

AIG reduces government borrowings by $25 billion
AIG cuts government loan by $25 billion as it takes steps to spin off 2 insurance units

* By Stephen Bernard, AP Business Writer
* On 9:09 am EST, Tuesday December 1, 2009


NEW YORK (AP) -- American International Group Inc. on Tuesday slashed the amount of money it owes the government by $25 billion, completing a move of two subsidiaries into special holding units ahead of their planned spinoff or sale.

The insurance giant has been selling assets and spinning off divisions in an effort to help repay a government bailout package received last year when it was on the brink of collapse.

AIG moved American International Assurance Co. and American Life Insurance Co. into special purpose vehicles, which are used ahead of a move to separate a unit from a parent company. The government is receiving preferred equity stakes in the two life insurance companies worth $25 billion in exchange for a reduction in the amount of money AIG owes the government.

AIG will continue to hold the common stakes in AIA and Alico until it determines whether to complete initial public offerings for the companies or sell them privately. No timetable yet has been announced for when an IPO or sale will be completed.

The plan to separate AIA and Alico and give the government $25 billion in preferred shares of the two companies was first announced in late June. AIG had been discussing sales of the units as early as March.

Shares of the financial conglomerate based in New York rose $1.74, or 6.1 percent, to $30.14 in premarket trading.