Long Awaited Shake-Up Finally Comes At AIG
Posted on June 17, 2008 at 06:00 AM EDT
American International Group (AIG) has reported two consecutive quarters of record losses from the subprime mortgage market as well as credit default swaps. As the firm has declared more than $18 billion in losses in the last six months, the stock has plummeted more than 54% in the last year. There are quite a few [...]