AIG ok reverse spilt and say will repay all $$ !!!

6/30/09

“We believe there is an excellent chance that we can repay the government.”

-AIG Chief Executive Officer Edward Liddy

Why is that doubtful? Well, in 2006, they had revenues of $113 billion and profits of $14 billion — about 25% of her profits were due to AIG FP.

Now, with their reputation in tatters and their revenues cut in half, their “Enterprise Value” at a mere $91 billion, and a market cap at just over $3 billion, they are going to pay back $182.5 billion?

My comment: What do you think? Anyone with common sense know that it is impossible!!