AIG pummeled 51% - Wall Street waits for next step | WHAT REALLY HAPPENED


AIG pummeled 51% - Wall Street waits for next step

American International Group, the nation's largest insurer that's been rocked by the subprime crisis, plummeted 51% in early trading Monday as the market nervously awaited the company's restructuring plan.

The company indicated it could unveil the plan as soon as Monday morning that will include selling off part of its business to raise desperately needed cash and boost investors' confidence, according to published reports. But the company remained silent when the market opened.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA