Tuesday, September 16, 2008

Greenberg-Led AIG Investors Consider Taking Control

UPDATE: Fed does it.
The stock is trading at $3.60 down 1.16 after getting into the green for a bit. No more details on the Fed but here's Bloomberg's most recent AIG story:

The Federal Reserve is considering extending a ``loan package'' to American International Group Inc., the insurer facing a cash shortage, according to a person familiar with the negotiations.

The stance by federal regulators is a reversal from a position they held as late as last night, and people with knowledge of the talks are ``cautiously optimistic,'' said the person, who declined to be identified because negotiations are confidential...MORE