The article below is a must read if you want to go long AIG.

AIG Needs Dissolving — Seeking Alpha.

I have gotten stuck holding the bag on some AIG puts due to the huge, crazy, run of late. $54?? Wow.  This thing should not be around.

I will stick to the point I made in my article about AIG Going Away.  My feeling back in June was the the government was going to find a tidy way to wind things down and then bring AIG in via a vehicle similar to the FDIC or RTC.  There was talk of any agency to bring in non-bank financials, but that doesn’t appear to have gone anywhere.

Edolphus Towns and other politicians have to stop listening to those proposals brought to them by people who have the most to gain!

AIG Fading to Failur

Related articles:

1. CIT Group again on brink of collapse : AP News
2. WHAT? Towns May Seek to Ease AIG’s Government Bailout Terms
3. Failed Bank Friday
4. Failed Bank Friday
5. Tiger Global: Still Short REITs and Financials