[LINK] From the "Get Real" Department...
Tom Koltai
tomk at unwired.com.au
Mon Jul 11 15:41:33 AEST 2011
Linkers may remember the involvement of US Banking insurer AIG who in
2008 came up short by several hundred billion dollars on a call on it's
CD's.
Well now they are surprised that no-one wants to buy their shares ???
(Err, for the non financially minded - it basically started the crash
we're currently having).
Quote/
AIG to Replace Bankers Managing Share Sale, WSJ Says
<http://www.bloomberg.com/news/2011-07-10/aig-to-replace-bankers-managin
g-share-sale-wsj-says.html?cmpid=yhoo> By Ronald Day
Sun Jul 10 21:53:18 GMT 2011
American International Group Inc. (AIG) may drop one or more of the
banks managing its next sale of shares from the U.S. government, the
Wall Street Journal said, citing an interview with Chief Executive
Officer Robert Benmosche .
Benmosche said he had expected the banks to do a better job stimulating
investor demand in the earlier share sale, WSJ reported. One or two of
the four lead underwriters from the first sale may be dropped, WSJ said,
citing people familiar with the matter.
To contact the editor responsible for this story: Ronald Day at
rday1 at bloomberg.net
/Quote
God Bless America. She's gunna need someone's help...
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