Satu lagi dari Paman Sam AIG was facing a severe cash crunch as its credit ratings were cut, forcing the insurer to immediately raise $14.5 billion to cover its obligations. AIG's shares fell 61% on a day when financial markets in the U.S. and around the world were rattled by the rushed sale of Merrill Lynch and the bankruptcy-court filing of Lehman.
The convulsions in the U.S. financial system sent markets across the globe tumbling, as two of Wall Street's biggest firms looked set to exit the scene and insurance titan American International Group Inc. turned to the Federal Reserve and the state of New York for assistance. Completed report please free to read www.kelolasaham.blogspot.com
