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Aaaand.... It's Gone: Tiny Tim Plans Shelving Of AIG Stock Offering After Stock Plunge Continues

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Tue, 05/10/2011 - 18:52 | 1260898 Temporalist
Temporalist's picture

At least the kitchen sink may have some value...

Tue, 05/10/2011 - 19:14 | 1260949 Vagabond
Tue, 05/10/2011 - 19:19 | 1260955 CPL
CPL's picture

That's nice, needs a sound edit.

Tue, 05/10/2011 - 19:15 | 1260951 CPL
CPL's picture

A sink has value because it can be reused for a purpose...

TimTim is starting to understand that nobody gives a shit what some dumb fuck semi-blue blood born of C-section by some cumdumpster thinks of value when all the man has done is valueless.


That's not true.  TimTim has usable organs that can help people.

Tue, 05/10/2011 - 22:54 | 1261570 bigelkhorn
bigelkhorn's picture

AIG are such a crock of shit. Every time I see them say sell, i buy more. 

That guy from FFT is oz is good, I been following him for a while and he called the market crash in 2008. 


I belong to his membership site, its awesome and has live videos and everything to follow along. Makes it

easy to take money from the market even if you are a newbie!. 


His new monthly trading club is opening tomorrow, and over at :-


Tue, 05/10/2011 - 18:58 | 1260902 High Plains Drifter
High Plains Drifter's picture

kick me once, shame on you............

Tue, 05/10/2011 - 18:56 | 1260903 Bay of Pigs
Bay of Pigs's picture

What a Clown Show this is...

And where's the bearded lady?

Tue, 05/10/2011 - 19:10 | 1260936 Sophist Economicus
Sophist Economicus's picture

Last I heard, she's in China with Jeethner

Tue, 05/10/2011 - 19:33 | 1260983 Confucious 222
Confucious 222's picture

Next, show us the Bernank wearing an orange wig, red nose, and size 22 white shoes running around with the seltzer bottle putting out fires.

Timmay the Geek, of course, is part of the sideshow, not the circus proper. Freek-OH-Nature boy.

Tue, 05/10/2011 - 18:59 | 1260904 High Plains Drifter
High Plains Drifter's picture

who took the pipe on all of the CDS outstanding on this pig?

Tue, 05/10/2011 - 19:26 | 1260977 lizzy36
lizzy36's picture

Why you did, if you are a US taxpayer.

I present and a post that started my real ZH addiction. How the banks once again benefitted (when the needed it most) at the the US taxpayer expense:


Tue, 05/10/2011 - 19:36 | 1260985 topcallingtroll
topcallingtroll's picture

Hi, I'm Top, and I'm an addict.

Tue, 05/10/2011 - 19:41 | 1260997 rocker
rocker's picture

+2   Zero Hedge has confirmed my faith that I can believe in something.  That the U.S. capital markets are ran by Crooks who belong in Jail.

Tue, 05/10/2011 - 19:37 | 1260992 JW n FL
JW n FL's picture

Hi! my name is James.. and I am an addict! BITCHEZ!!!

Tue, 05/10/2011 - 19:59 | 1261047 High Plains Drifter
High Plains Drifter's picture

did the entire 900B  in tarp money go to AIG and Goldman?   Paulson said, that there would be riots in the street if congress didn't pass tarp. yeh sure.

Tue, 05/10/2011 - 20:58 | 1261163 CPL
CPL's picture

There would have been...all those dumbasses tanking the place would have hired proper slaves to help them revolt.

Tue, 05/10/2011 - 21:20 | 1261204 rocker
rocker's picture

ZH got us the Bloomberg Window operations that the FED did. The FED literally gave money to every bank in the world who had any connection with Goldman Sachs, AIG, BAC, JPM, LEH, MER, BSC and any other bank that was up side down.  If you missed it. You missed the America's biggest financial fraud EVER engineered by GS. Totally Amazing.

Where are the Riots in the Streets.  Americans are Sheeple for sure.   We are Japan Now.   

Tue, 05/10/2011 - 18:59 | 1260905 SobaYobonay
SobaYobonay's picture

Kitchen sink bitchez!

Tue, 05/10/2011 - 20:31 | 1261054 slewie the pi-rat
slewie the pi-rat's picture

i'm rinsing radioactive strawberries in mine. i've come to prefer them glowing in the dark---they stay fresher, longer!

i have out-of-the-money puts on the kitchen sink.  from the FED, BiCHeZ!

the FED is my landlord; i shall not want.

end the FED. 

Tue, 05/10/2011 - 22:58 | 1261592 espirit
espirit's picture

Let AIG take Citi's place at 4 BennieBux a share, pomo pump it to break even and dump it.

Problem solved.

Tue, 05/10/2011 - 18:58 | 1260910 pepperspray
pepperspray's picture

Its almost like watching flooded homes wash down the mississippi. Was that Huck's dad who just went by?

Tue, 05/10/2011 - 20:52 | 1261148 knukles
knukles's picture

Ah, and so Timmah's now a market timer... a speculator with taxpayer monies.
And while we're at it, ain't Homomma been a tad slow in declaring the Mississippi River Flood Basin a fucking Disaster Area, sorta in the tradition of the Bush degeneracy with Katrina? 

Oh, neverthefuckmind....  Must just be my late in the day bullshit fatigue showing through.

AND BTW, check this out for shits and grins

Tue, 05/10/2011 - 19:01 | 1260913 T-NUTZ
T-NUTZ's picture

Taxpayers' Profits BITCHEZ!!!!

Tue, 05/10/2011 - 19:04 | 1260923 Out9922
Out9922's picture

Love the South Park clip.  Ill be watching that spoof of the royal wedding tomorrow

Tue, 05/10/2011 - 19:46 | 1260928 buzzsaw99
buzzsaw99's picture

This smacks of treasury desperation for cash. Hope Bonds bitchez! As in we **hope** we get our money back.

The Treasury holds 92.11 percent of AIG and has a break-even point of about $28.72 per share on the stock...

That $52B market cap is so bogus.

Tue, 05/10/2011 - 19:53 | 1261024 cosmictrainwreck
cosmictrainwreck's picture

ahh, the triple (double-contiguous) "bitchez" protocol, normally for emphasis, but can be construed as behemothic disgust....

Tue, 05/10/2011 - 19:56 | 1261035 cosmictrainwreck
cosmictrainwreck's picture

shit, Buzz, you edited out the double-contiguous bitchez while I was writing. Can't win today.... lol

Tue, 05/10/2011 - 20:02 | 1261063 buzzsaw99
buzzsaw99's picture

bitchez. bitchez. bitchez.

(i pay better interest than the .gov :snark:)

Tue, 05/10/2011 - 20:39 | 1261127 cosmictrainwreck
cosmictrainwreck's picture

as in >zero?  shit, actually you put out 33%. excellent returns.... sign me up

Tue, 05/10/2011 - 19:11 | 1260931 bob_dabolina
bob_dabolina's picture

AIG is the gift that keeps giving....also FNM/FRE (which are also trading below their IPO price)

A single chicken Mcnugget is worth more than a share of FNM, or, FRE. Ahhhhhh, I'm lovin' it.

Tue, 05/10/2011 - 19:06 | 1260933 catch edge ghost
catch edge ghost's picture

Sim Market 4000.

(Exciting Sand Box Mode available in the soon to be released Expansion Pact, erm Pack)

Tue, 05/10/2011 - 21:22 | 1261212 Mec-sick-o
Mec-sick-o's picture

I hope there's a Fed Reserve monument building and a QE disaster button/monster.

Tue, 05/10/2011 - 19:09 | 1260941 SwingForce
SwingForce's picture

Timmy is a piece of shit. He sold me down the river. He did not do 1 thing to help me. Obama is a piece of shit too. He & Tim should coagulate. Want votes in 2012? Go fornicate, ain't gonna happen. And Ben's head will be on a stick, bitchez. say goodnite.

Tue, 05/10/2011 - 19:43 | 1261003 JW n FL
JW n FL's picture

“Fall of the Republic” HQ Movie http://goo.gl/EwUsC  it is worth 2 hours of your time. 4 everyone JW apporved!

Tue, 05/10/2011 - 19:15 | 1260952 Misean
Misean's picture

AIG is worth its wait in Benny Bucks...

Tue, 05/10/2011 - 19:16 | 1260956 Manthong
Manthong's picture

"jeopardising taxpayers’ profits on the share sale."

I need four fingers of Jack to swallow that with.

Tue, 05/10/2011 - 19:19 | 1260957 buzzsaw99
buzzsaw99's picture

from finance.yahoo:

There is no Balance Sheet data available for AIG.

Tue, 05/10/2011 - 19:20 | 1260958 Rainman
Rainman's picture

Do a 5-1 split and HFT the fuck out of this bitch. Problem solved.

Tue, 05/10/2011 - 19:30 | 1260980 jm
jm's picture

makes a great tramp stamp.

Tue, 05/10/2011 - 19:25 | 1260971 gkm
gkm's picture

They need a sweetener.  How about a wheelbarrow of t-bills with ever AIG share certificate?  At least you'd have some tinder for the coming Kondratiev Winter.

Tue, 05/10/2011 - 19:38 | 1260987 nedwardkelly
nedwardkelly's picture

Treasury’s break-even level is $28.73 a share

Apparently there was no opportunity cost to having that money tied up at AIG

Tue, 05/10/2011 - 19:52 | 1261028 sun tzu
sun tzu's picture

Taxpayers are reaping huge profits from TARP, GM, Fannie/Freddie, and AIG bailouts. That's what the lamestream media has been parroting since 2009.

Tue, 05/10/2011 - 20:10 | 1261073 Misean
Misean's picture

All of those profits must be driving down the labor participation rate.

Tue, 05/10/2011 - 19:58 | 1261052 Blorf
Blorf's picture

They better stuff that pig with all of the treasury puts the fed has before they spin it off. Better to have AIG be the next AIG than the Fed

Tue, 05/10/2011 - 20:21 | 1261086 Miles Kendig
Miles Kendig's picture

Bud, AIG is the dog with fleas you get to sell to others.  Tell me something I don't already know, besides that 28 3/4 is the Treasuries BE on that flea ridden dog.

- Gordon Gekko

Tue, 05/10/2011 - 20:25 | 1261103 DNB-sore
DNB-sore's picture

I wonder when all these misfits are collapsing the market (including the "protected") because the markets won't be able to digest and just puke out the bad oyster and there will be a 2 week's recess because of sickness

Tue, 05/10/2011 - 20:39 | 1261128 bid the soldier...
bid the soldiers shoot's picture

" this despite 2 years of endless market levitation, forced short squeeze, margin hikes, several wars, $4 trillion in monetary and fiscal stimuli, and most certainly, the kitchen sink."

Makes you nostalgic for the good old days 3 years ago, when what you didn't know, couldn't hurt you.

At least not until Paulson spilt the beans and Obama took office.

Tue, 05/10/2011 - 20:40 | 1261129 Dan The Man
Dan The Man's picture
If Lil' Timmy was truly in control of the markets, would he have missed the boat on the AIG offering?  
Tue, 05/10/2011 - 20:55 | 1261159 knukles
knukles's picture

In control of markets?
I'm not so sure he's in control of his bedtime.

Tue, 05/10/2011 - 20:49 | 1261141 ebworthen
ebworthen's picture


Washington bailed out AIG and Wall Street.

Washington lost the "full faith and credit" of the responsible populace.


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