Rush Is On to Prevent A.I.G. From Failing

[EV_Ares]

The American International Group, the insurance company, is planning a major reorganization and a sale of its aircraft leasing business and other units to stabilize its finances, a person briefed on the company’s strategy said on Sunday.

A.I.G. became one of the focuses at an emergency gathering of Wall Street executives over the weekend, and was trying to arrange a capital infusion in the face of possible credit downgrades.

It was unclear whether A.I.G. would succeed in its capital search, but a person briefed on the discussions said it was seeking more than $40 billion even as it tried to sell assets to shore up its financial footing. Among the businesses likely to be sold is A.I.G.’s aircraft leasing business, the International Lease Finance Corporation. Founded in 1973, the business has nearly 1,000 planes in its fleet.

rest of the article @ NY Times link: http://www.nytimes.com/2008/09/15/business/15aig.html?em

[wanpete]

1. we are approaching Depression status in a hurry. Heaven help us all if people don't wake up soon.

this election is critical for the survival of our country, and folks are sitting around talking about Failin's designer glasses and red pumps...

[flamingdem]

2. I agree. Pointing the finger is not going to help when we're in the soup line

Winning with Obama will however.

[EV_Ares]

3. Isn't that the frigging truth, her eyeglasses so the media says is all the

rage, her hair and it seems somewhere where they now have these little Palin dolls. BS, they are making a mockery out of the election. I mean these people including the media are clueless, hell no reason Russert's kid can do the job with no experience, only has his dad's name and that makes him a reporter.

Yeah, this country needs help and that is not McCain & Palin.

[wanpete]

4. luke russert is a 22 year old kid and does not belong in the big league

he doesn't have the life experiences and is not informed enough to speak to people in the guise of be a journalist. this is a colossal failure on the part of GE's NBC.

[gratuitous]

5. AIG is selling its aircraft leasing business?

Have they tried eBay? Perhaps financial genius Sarah Palin can give them pointers.

[Wiley50]

6. Naw, He won't be on until noon tomorrow. We'll see though if he mentions it n/t