Cramer: Market's Fate Rests With AIG " When AIG goes down, its over for the stockmarket in the western hemispere. "
AIG stock live data : http://www.nyse.com/about/listed/lcddata.html?ticker=AIG
More info on the current Fed meeting with AIG: http://www.thestreet.com/story/10437414/1/aig-meets-with-fed-shares-continue-dive.html?puc=homebigrelated
This clearly shows AIG is over and out. Think of any scenario, and reality will then more then quadruple it in extremes; AIG is a bank insurance company.
Think of it as Domino day, from tomorrow all the way the bank that has defunct ATMs because there is no money.
Next on the agenda: Iran attack; Real Soon Now (tm)
Update: AIG has been transfered to the Fed, like the other walls treet ghosts; freddie, fannie, bear, et al. Which brings David Wilkersons' warning about countries tipping over into perspective and dimension.
Update 2: look at next week http://www.youtube.com/watch?v=Cu18T2CRm2U
Update3: You though AIG was a done deal ? Cramer on AIG: 500 B$ debt and a whole lot more http://www.thestreet.com/video/10439169/index.html#10439169