what is the odds that AIG will go banrupt within the next 10 years?

[pico]

AIG stock trading at 1.43 as of now.

[dwest718]

>100%?

[slacker00]

Won't the government just keep bailing them out? It sounds like they can't let them fail.

[RogueJuror]

what happened to that job offer?

[pico]

got the job, but i am afraid to advise people to put money there if they're going belly up.

[JBC77]

They've been insolvent for some time now Pico...........

[Boner_18]

we talking 11 or 13? 11, the odds are prolly 100-1. 13, something like 1-1, 1-10.

[wtf]

they will disintegrate into a 100 different companies

[jjgold]

How about ZERO It is the greatest buy on the market

[pico]

we talking 11 or 13? 11, the odds are prolly 100-1. 13, something like 1-1, 1-10.

i don't know what is the difference here. anyways what i trying to figure out is how safe are the money deposited in there. if they go busto and the deposits are all gone, there are gonna be some very angry people are gonna hire professional killers to hunt me down.

[Boner_18]

Oh sorry, the difference is liquidation (11) or restructuring (13). Nothing is safe in a liquidation under chapter 11, everything is negotiable there. Under 13 the deposits (you mean insurance purchases?) are semi-safe but investments in the equity are garbage. Essentially under 11 everyone can get nothing while under 13 people get pennies on the dollar. I wouldn't fvck with AIG.

[pico]

Oh sorry, the difference is liquidation (11) or restructuring (13). Nothing is safe in a liquidation under chapter 11, everything is negotiable there. Under 13 the deposits (you mean insurance purchases?) are semi-safe but investments in the equity are garbage. Essentially under 11 everyone can get nothing while under 13 people get pennies on the dollar. I wouldn't fvck with AIG.

what I am concerned about are:

• time deposits (CD) under AIG bank
• promised claims for insurance contracts (let's say you bought a endowment and the bank goes busto before it is matured)

how safe are those?

[Boner_18]

what I am concerned about are:

• time deposits (CD) under AIG bank
• promised claims for insurance contracts (let's say you bought a endowment and the bank goes busto before it is matured)

how safe are those?

The CDs are FDIC insured up to 250k per individual, very safe up to 250k. The promised claims can be renegotiated in chapter 13 bankruptcy, pennies on the dollar in bankruptcy.

[wtf]

pico if your in hk they have totally different set of rules as your under writing the hk entity

[pico]

pico if your in hk they have totally different set of rules as your under writing the hk entity

http://www.dps.org.hk/en/faq.html

AIG is a registered bank in hk. from now until end of 2010, there is no upper cap on guranteed deposit. what i am worried about is what is gonna happen after 2010. hk deposit insurance used to be only 100k hkd. most of my accounts are way over that, so not sure what is gonna happen.

[smarmy]

they won't until we go back to trading shiny rocks for currency. While we are still printing money we'll keep giving it to them.

[pico]

they won't until we go back to trading shiny rocks for currency. While we are still printing money we'll keep giving it to them.

this is what i've been telling my clients

[smarmy]

QUICK!!! INVEST EVERYTHING INTO SHINY ROCKS!!! that or old bottle caps.