AIG Surging On Market Expectations Insurer Will Have Legal Claim Against Goldman

Tyler Durden's picture

AIG stock only fin up today on expectations the firm will now have legal precedent to sue Goldman Sachs.

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scatterbrains's picture

haha time to invest in prison infrastructure industry after all these tender pink assed criminals finish snitching on each other. I just want to know how the SEC/GS/FED think they will be able to contain all the snitching/whistle blowing/saving one's ass action about to explode.

Cyan Lite's picture

This could be a genuis plan by Obama:

-Federal Reserve sets interest rates at 0%.  Accepts anything as collateral.
-Goldman borrows billions at 0%.
-SEC charges Goldman with Fraud.
-AIG sues Goldman for billions.
-Goldman pays AIG with money borrowed at 0%.
-AIG collects lawsuit money and turns it over to the Treasury.
-White House reports deficit is actually shrinking, Democrats retain majority in November.
-Goldman borrows more money at 0% with old baseball cards as collateral.

And who said the Fed wasn't going to monetize debt? :)

etrader's picture

 

The Boxes are blowing a fuse again......

Looks like the Quants  have the same box issues as in late 07..

 

Divided States of America's picture

Next will be AIG shareholders, then right behind them will be US taxpayers.

SteveNYC's picture

The problem is, AIG is taxpayer owned, and the Govt. ain't going to lodge a "systemically disruptive" suit against Goldman. No way.

John McCloy's picture

The one time AIG Deserves to be up..lol
They were systematically dismantled for Goldman's profit at the taxpayer and Shareholders expense.

Spitzer's picture

Did AIG share holders get wiped out when they went broke or not ?

for shizzle my nizzle's picture

maybe all the AIG bulls should hope that Cassano and crew
were not doing the same thing as GS...............