{"id":194030,"date":"2008-10-30T19:37:00","date_gmt":"2008-10-31T00:37:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/10\/30\/aigs-finances-beginning-to-raise-serious-questions\/"},"modified":"2008-10-30T19:37:00","modified_gmt":"2008-10-31T00:37:00","slug":"aigs-finances-beginning-to-raise-serious-questions","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/10\/30\/aigs-finances-beginning-to-raise-serious-questions\/","title":{"rendered":"AIG&#8217;s Finances Beginning to Raise Serious Questions"},"content":{"rendered":"<p>Independent analysts are <a href=\"http:\/\/www.iht.com\/articles\/2008\/10\/30\/business\/aig.php\">smelling something fishy<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>American International Group is rapidly running through $123 billion in emergency lending provided by the U.S. Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October. Some analysts say at least part of the shortfall must have been there all along, hidden by irregular accounting.<\/p><\/blockquote>\n<p>Do I have to quote Inspector Renault from <span style=\"font-style: italic;\">Casablanca<\/span>?<\/p>\n<p>They&#8217;ve already blown through $90 billion of their $123 billion loan, and there simply are not enough posh retreats in the world to generate a burn rate that fast.<\/p>\n<p>It&#8217;s less than reassuring that they <a href=\"http:\/\/www.iht.com\/articles\/2008\/10\/30\/business\/30aig.php\">still haven&#8217;t said where that money has gone<\/a>.<\/p>\n<p>There are stories of conflicts within the insurance giant, and people who gave warnings being shunted to the side.<\/p>\n<p>Expect more of this from the Hank Paulson, &#8220;Bail out my Buddies&#8221; plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Independent analysts are smelling something fishy: American International Group is rapidly running through $123 billion in emergency lending provided by the U.S. Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October. Some analysts say at least part of the shortfall must &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1045,985],"tags":[],"class_list":["post-194030","post","type-post","status-publish","format-standard","hentry","category-finance","category-insurance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194030"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194030"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194030\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}