AIG making money...how about us? by Niki2

REAL WORLD EVENT DISCUSSIONS

AIG making money...how about us?

POSTED BY: NIKI2
UPDATED: Thursday, August 5, 2010 07:46
SHORT URL:
VIEWED: 334
PAGE 1 of 1

Thursday, August 5, 2010 7:46 AM

Gettin' old, but still a hippie at heart...

http://money.cnn.com/2010/08/05/news/companies/AIG_earnings_preview/in
dex.htm?source=cnn_bin&hpt=Sbin is expected to report another quarterly profit Friday. But the elephant in the middle of the room is staying put.

When will the insurance giant repay the more than $100 billion it still owes American taxpayers? Analysts say they don't expect Friday's earnings report to reveal many answers.

So far, the government has given out $136.5 billion in loans and direct payments, of which AIG (AIG, Fortune 500) still owes $102 billion.

AIG rejected a deal earlier this year that could have helped the company cut its debt to taxpayers in half. Two months ago, talks to sell its Asian insurance unit AIA to British insurer Prudential (PUK) collapsed after the two companies haggled over a $30 billion price tag.

On Friday, analysts think AIG will likely say it's on track to raise a significant amount of cash from an initial public offering of AIA in the fall, but they don't expect AIG to throw out any estimates as to how much it might raise through an IPO.

More at http://money.cnn.com/2010/08/05/news/companies/AIG_earnings_preview/in
dex.htm?source=cnn_bin&hpt=Sbin

Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

YOUR OPTIONS

SHARE THREAD

NEW POSTS TODAY

USER	POST DATE

USER

POST DATE