Analyst credits short squeeze for AIG rally

08/05/2009 • Market Watch

What a deal bribe the politicians with campaign contributions (google barack obamas wall st problem is now Americas - no quarter and obamas money cartel sometime or go to open secrets and see obamas kickback from AIG) and they enslave your grandchildren to pay them off! Now snippets from the story... AIG, which was rescued several times by U.S. taxpayers, who now own more than 75% of the company, recently named a new chief executive, and will report earnings on Friday. The company has been the focus of intense criticism for its risky behavior writing what amounted to insurance contracts for risky subprime mortgages and other debt. When those debt securities' prices fell, AIG didn't have the money to pay off counterparties. That's when the government stepped in to make AIG trading partners like Goldman Sachs and foreign government funds whole with taxpayer dollars. Interestingly, short selling played a significant role in AIG's downfall as well as wreaking havoc th

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Analyst credits short squeeze for AIG rally

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