TUESDAY SEPTEMBER 16
Why Do You Care About AIG’s Downgrades?

Because it’s a major insurance company, piker, and its cash-flow issues are hammering global insurance stocks today. But, you ask, what hold has another boneheaded, wrongheaded, muleheaded, dunderheaded U.S. company got over worldwide markets? How about an estimated $13 billion of systemic risk, if these dual downgrades, as predicted, cause investors to pull the trigger on an equal amount of collateral calls? (Among them, we are hearing, Pimco’s Bill Gross.) Read on for the full explainer.

September 2008

Login Required

Enter your login details here

E-mail:

Password:

New User?

Sign up to get free access to TraderDaily.com