Bill Gross Loses Big on AIG

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if the Federal reserve took up its 80 percent stake, which would dilute existing shareholders' stake on aig

pete of TX 10:04PM September 22, 2008

You really should spend at least a moment before jumping to some conclusions. Having to have had the opportunity to sit on the front row with the highest level AIG financial people on Tuesday and Wednesday the truth about what went on in the past, how this "mess" came about and how the government financial backing will operate is very different from what has been widely reported.
To paraphrase a favorite quote: "[my] death has been greatly exaggereted".
Yes, a lot of money has been "lost" over the past couple of days (and actually months), but a great deal has been lost solely due to panic. Panic largely resulting from such articles.
(And NO, I don't work for AIG)

RM of NY 2:21PM September 18, 2008