AIG Stock: What You Need to Know

Stock quotes in this article: AIG , ALL , LEH , C , FNM , FRE  

From AIG Ouster Offers Two Lessons, No Hope:

Normally, when a high-profile CEO flames out, investors can reliably draw a single lasting lesson from the misfortune. Never a normal company, when American International Group, God Bless it, dumped its second CEO in recent times this weekend, it imparted two lasting lessons.

The first is an old stand-by: Don't believe nice stuff written about a new CEO right when he is appointed, especially if he replaces a discredited leader and especially if he served for years as a lackey for that discredited leader. The times probably ain't a changin' if the creepy old guard handpicks their creepy successor.

Read the full article.

They Just Don't Get AIG! (Video, Sept. 16)

Marek Fuchs tries to comprehend the "comprehensive" AIG rescue plan --without much help from the business media.

Watch the video on TheStreet.com TV.

Plus, don't miss these AIG-focused videos by Fuchs: They Just Don't Get AIG! (Video, Jun. 16: Marek Fuchs explains the fatally flawed coverage of AIG, which shares similarities with coverage of Apple (AAPL Quote) and They Just Don't Get AIG! (Video, Feb. 12: Fuchs gets in a huff over how AIG's claims of purity were swallowed by the gullibles in the business media.)

Plus, don't miss:

  • AIG in 'Crisis,' Ex-Chief Says (May 12: Maurice 'Hank' Greenberg asked the insurer's board to postpone its annual meeting this week, after its $7.8 billion first-quarter loss.)
  • Understanding the Financial Sector: Insurance Companies (Mar. 27: Scott Rothbort explains that while insurance company profits have historically been invested in stocks, bonds and real estate, recently, insurers such as AIG have tried to "increase the yield on their returns by investing in the sub-prime mortgage markets and mortgage-backed securities. In doing so, they assumed far greater risk than in the past and are now feeling the pain of the credit crisis as they take huge write-downs on their investment portfolios.")
  • To stay up to date on AIG and other companies in crisis, bookmark and vist TheStreet.com's On the Brink section.

    BankingMyWay
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    This article was written by a staff member of TheStreet.com.




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