by Calculated Risk on 2/24/2009 12:11:00 AM
Tuesday, February 24, 2009
AIG and Market Discussion
From the WSJ: AIG Seeks to Ease Its Bailout Terms
American International Group Inc. is seeking an overhaul of its $150 billion government bailout package ... Under the plan, the government loan of up to $60 billion at the heart of the bailout would be repaid with a combination of debt, equity, cash and operating businesses, such as stakes in AIG's lucrative Asian life-insurance arms. AIG and the government have been discussing the changes since December and plan to announce them by Monday when the insurer is expected to report fourth-quarter results, the people said.It looks another Sunday announcement coming up. No new info on Citi yet.
The earnings report is expected to underscore AIG's worsening condition with its total loss for the quarter likely to top $60 billion...
Here are the Bloomberg Futures. Futures are basically flat so far.
Barchart.com (active contract has a time, not a date)
CBOT mini-sized Dow
And the Asian markets. Not bad so far.