Turn on CNBC now and you will hear that
AIG is in need of an escess of 75 bilion dollars in collateral within 24 hours to survive.
if it is downgraded even one peg more down by moodies, taht number jumps to the hundreds of billions.
insiders tell David Faber that AIG will file ch 11 on Wednesday.
The balance sheet 1 trillion dollars go into bankruptcy.
Bringing down all the worlds markets...
think about it: 1 trillion dollars goes to zero.
Poooof.
This is ecomnomic armageddon here folks.....
lets get some more info on this stuff and post it in the thread.