AIG was downgraded to A- by S&P, what a lot of people don't realize is that AIG 'lent' their good rating to tons of crap CDO's/SIV's and all that paper will be downgraded and and revalued. AIG got some funding but is now going around hat in hand to JPM and others for more. AIG is involved in trillions of dollars of transactions, it will be interesting to say the least to watch all that unwind. I think we will be lucky to escape this with the US economy in tact, history in real time....

Bob

>It all depends on what AIG says tonight and tomorrow. If they can stay in business, and convince investors that they can, they things should begin to stabalize. If not, watch out, it'll be another huge loss.
>
>>"The stock market suffered its worst daily plunge in nearly seven years Monday as the bankruptcy of Lehman Brothers Holdings threw the U.S. financial system into an abyss, uncertain where the bottom of its credit-related problems lies."
>>
>>http://online.wsj.com/article/SB122147619718136043.html?mod=2_1553_leftbox
>>
>>The DOW closed below 11k for the 2nd time since July. Tomorrow will be important to see if it can recover above this critical line.