$50Bn pumped into the financial system today to add liquidity but AIG needs $75Bn by the end of the night or they are bankrupt tomorrow. Last nights downgrades prompted additional collateral calls and AIG is fcked. I think the Fed will cut today by 25 bps with language agressive language
24 hrs to live imo
24 hrs to live imo
$50Bn pumped into the
$50Bn pumped into the financial system today to add liquidity but AIG needs $75Bn by the end of the night or they are bankrupt tomorrow. Last nights downgrades prompted additional collateral calls and AIG is fcked. I think the Fed will cut today by 25 bps with language agressive language