STOCK > ANYONE KNOWS ABOUT AIG STOCK ???

[LAXCENTRAL]

WHAT YOU KNOW ABOUT THIS COMPANY

[jeromechickenbone]

I know that they are fucked in the ass criminals.  What more do you want to know?

[J Bananas]

They ended up getting a shitty credit rating, so shareholders backed out and it lost a lot of it's worth. They also had to shell out a lot of money for collateral to other trading companies/parties... On top of that, a lot of the infrastructure they though had came from sub prime loans, a lot of which weren't paid back thus resulting in  even more collateral having to be put up even though they didn't really have a lot of money left, sending shareholder confidence down even more. When they got the bailout money, they handed out a shitload of dough to executives, instead of try to repair themselves, causing a ruckus with the public. basically a falling house of cards.

[LAXCENTRAL]

THE REASON I ASKED IS CUZ I HAVE ABOUT 50 SHARES OF IT
I DONO IF I SHOULD SELL IT AND PUT MY MONEY ON ROULLTTE TABLE OR NOT?

[J Bananas]

Generally speaking, unless you really don't give a fuck about your money, it's a good thing to keep up on current affairs, especially if we as a nation are in the worst recession since the late 1920's.