AIG reaches the end of the line

2008-09-16 — bankimplode.com

Now, it appears a rescue of AIG is in the offing. If this rescue proceeds, it will make Paulson and Bernanke look like idiots for letting Lehman fail.

Mish has comments as well (of course).

Comments:

Appraisal Police at 06:43 2008-09-17 said:

AIG hires law firm to draw up bankruptcy papers: report

http://www.reuters.com/article/newsOne/idUSLAU67097420080916 Permalink

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