ZaNoob
03-20-2009, 10:22 PM
Let's face it, it looks like C is on the chopping block like poor LEH. As a result companies have bought insurance on C and products sold by C. Nothing wrong with that. The real problem is the same entities are most likely shorting C - that should be a criminal act. Much like what they did with LEH, bought insurance and then shorted it to death. Collecting on both ends.
This is like buying fire insurance on your own house and then setting it on fire.
C is about to do a reverse stock split. You can bet it's gonna be shorted like mad after this happens. Afterwards most likely C will sell new shares to raise capital - but that's a different story.
Anyway, AIG is paying out the wazoo on these insurance claims. It's time to look at AIG's books and see if anyone buying insurance on certain entities is also shorting those same entities. This should not be allowed. I'm tired of the sinkhole that is AIG sucking up more and more cash. This is like the greatest cash cow that was ever made. The government has given AIG enough cash to own it several times over. If AIG keeps fighting any oversight then maybe it's time to nationalize it.
This is like buying fire insurance on your own house and then setting it on fire.
C is about to do a reverse stock split. You can bet it's gonna be shorted like mad after this happens. Afterwards most likely C will sell new shares to raise capital - but that's a different story.
Anyway, AIG is paying out the wazoo on these insurance claims. It's time to look at AIG's books and see if anyone buying insurance on certain entities is also shorting those same entities. This should not be allowed. I'm tired of the sinkhole that is AIG sucking up more and more cash. This is like the greatest cash cow that was ever made. The government has given AIG enough cash to own it several times over. If AIG keeps fighting any oversight then maybe it's time to nationalize it.