Anyway, nothing much can be done now. Lets all hope for the better.
Also I read that total assets of AIG exceeds it's total liabilities by 70+ billion. What's happening now is just a short term cashflow problem. Hopefully it will be able to pull.
AIG stock was trading at $1.4x a few hours ago, as compared to $50+ dollars 1 - 2 years ago..... I'm really glad I'm not holding any AIG stock.
Buy their share now??? Anyone...
Canon 30D, G11, 50 f1.8II, 10-22 f3.5-4.5, 24-70 f2.8L, 70-200 f2.8L IS, EX580II
Scarry leh.. I have invested a big sum from my CPF in AIA leh. Should I terminate and get back whatever I can?
err on the side of caution?
Statement from the Fed:
Thanks Zplus for the links.
The Giant stumbled but seems like the giant will not be allowed to fall, yeah Federal need to step in on this.... Actually many parts of the world including Singapore are waiting for a break to cash-out on their investment, which is a commitment for a period of time and stripped them of liquidity. News as such break... regardless of MAS advise and despite the assuarance... still get many to run to the insurer. More like an excuse ... afterall the commitment was made so many years ago..
Cash out before the maturity only makes insurer happy... sum is lower than their commitment. Let's see where this will bring us to.. in anycase.. the global economy is shakened.. keep watch.
To invest anot ?
Be fearsome when ppl r greedy n be greedy when ppl r fearsome .
Saw it in a book ...
Prefers his investors to buy equities only after careful analysis. "If they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."
this is not a market for the faint hearted..
Last time, when I talk to aia insurance agents, they credit the backing to AIG and how vast and massive the conglomerate was. Now, they say they not linked at all as they are totally separate entities.
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