Monday, September 15, 2008

Breaking-- Governor Paterson Directs NY Insurance Superintendent Allow AIG Subsidiaries to Upstream $20 Bil. to Parent (AIG)

Nothing on the wire, that was from the press conference. It goes a long way toward preventing meltdown. I'll have more as it comes in. The stock is rallying off it's $3.50 low, $5.99 -6.15
UPDATE: MarketWatch just crossed the news:
AIG allowed to access $20 bln of assets in subsidiaries