
Willumstad is probably wishing there was a little more change in his couch cushions right about now.
AIG rustled up a few bucks at the discount window today, but a series of downgrades this evening puts their future in peril. I’ll spare the details since I know you come here for the LOLz, but I will tell you that the S&P LT counterparty rating means AIG needs to raise even more $ – and the ability to do that is probably shaky.

Tomorrow should be interesting. I know I said that yesterday, but I mean it again. CNBC reports that this means pretty much that AIG needs to raise ANOTHER $75 billion dollars by Wednesday or they file bankruptcy, and while they do have assets to put into hock, $75 billion is a whole hell of a lot.


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