Okay, this is not a *liquidity* crisis, at levels of $85 billion possibly in 'special financing' ...
This is a solvency issue, right?
(AIG have only $89 billion in tangible assets reported and about the same in equity ...yes, that means that they bet the firm once over off balance sheet, at least, ).
Tuesday, September 16, 2008
I'll take AIG for ~$85 Billion, Alex
