nadinbrzezinski
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Mon Sep-15-08 04:15 PM
Original message |
| AIG... how many folks have AIG as their primary insurer in the Gulf |
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This is not a minor question.
AIG stock tumbled today... and they are in trouble
What happens if they go into Chapter II?
If you thought things could not get far worst in the gulf post Ike.....
My tummy aches for those folks
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| jannyk
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Mon Sep-15-08 04:18 PM
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| 1. I was wondering this too. Or, if they don't fold before the claims |
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...would Ike finish them off?
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| Lost-in-FL
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Mon Sep-15-08 04:19 PM
Response to Original message |
| 2. My husband's 401-k is managed by AIG... |
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he tried calling the representative of the account at his job and there was no answer. Should he withdraw his funds?
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| nadinbrzezinski
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Mon Sep-15-08 04:20 PM
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| 3. Not going to give advise online |
| flvegan
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Mon Sep-15-08 04:22 PM
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| 4. But they have assets and I was just reading that they can borrow $20 billion |
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from subsidiaries if the Reserve doesn't loan them the money they need.
Too soon to tell, but definitely yet another needless worry for those folks right now.
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| mrJJ
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Mon Sep-15-08 04:27 PM
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I have a very strong feeling that AIG will be downgraded by Wednesday.
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| dixiegrrrrl
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Mon Sep-15-08 04:33 PM
Response to Original message |
| 6. I moved my funds 2 years ago |
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when AIG was in trouble over something else, which seems minor compared to now.
Not a good sign when your Rep. does not answer phone.
In order to move/cash out retirement funds, paperwork has to be done.
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| nadinbrzezinski
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Mon Sep-15-08 04:34 PM
Response to Reply #6 |
| 7. Yeah, that's a bad sign |
| kaiden
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Mon Sep-15-08 04:53 PM
Response to Reply #7 |
| 8. AIG has a huge Houston office that handles annuities. |
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Mayhaps it was washed away.
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