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  1. Join Date
    Nov 2005

    Nobody knows what's gonna happen to Philam...

    As far as AIG is concerned, the holding company will be selling assets to pay off the $85B loan.

    AIG will probably come out with a list of assets for sale next week.

    For now, only insiders know what assets will be up of sale.

    Many insurance companies are already circling above AIG... waiting to grab parts of AIG when the garage sale begins.

    One thing's for sure, AIG will be a much smaller company after this...

  2. Join Date
    Nov 2005
    AIG to come out with list of assets for sale this week.

    Still don't know if AIG will sell Philam

    Tuesday, September 30, 2008 | MANILA, PHILIPPINES
    Today’s Headlines
    AIG still to decide on Philamlife’s fate

    TROUBLED financial giant American International Group (AIG) could put local unit Philippine American Life and General Insurance Co. (Philamlife) up for sale as it seeks to repay an $85-billion lifeline extended by the US government.

    Philamlife Chairman Jose L. Cuisia, Jr. did not rule out the possibility that asset disposals planned by AIG would include Philamlife, the country’s biggest insurance firm. In any event, he stressed yesterday, Philamlife has the capability to meet its obligations.

    Mr. Cuisia, speaking at a Senate hearing, quoted new AIG chief Edward Liddy as saying that the firm’s core businesses — life and general insurance as well as retirement services — would not be part of the asset sale.

    Things may change, however, with a final announcement expected on October 3. Mr. Liddy is set to host a conference call for the investment community where he is expected to give an update on AIG’s future direction.

    Mas sensational ang headline ng ABS-CBN:

    Philamlife may have new owners this week


    Potential buyer:

    MANILA, Sept 29 (Reuters) - The Philippine unit of American International Group (AIG) (AIG.N: Quote, Profile, Research, Stock Buzz), the country's biggest insurance company, has received takeover offers from several groups, including the Yuchengco business clan, a top company official said on Monday.

    "It's only the Yuchengcos that have come out in public," Jose Cuisia, president and chief executive of AIG unit Philippine American Life and General Insurance Co (Philamlife) told reporters.

    "They have expressed interest like others have also expressed interest."

    Who really benefitted from the AIG bailout?

    Sino pa ba? AIG's counterparties... the Wall Street big boys.

    The bailout wasn't for AIG.

    The bailout wasnt to save AIG's millions of policyholders... it was to save a few investment banks who had bets with AIG... to make sure they get paid.
    Last edited by uls; September 29th, 2008 at 11:35 PM.

  3. Join Date
    Sep 2006
    Kasama ba yun US$85.B loan sa AIG yung House rejected US$700.B bailout?

  4. Join Date
    Nov 2005
    Nope. iba ung $700B

  5. Join Date
    Feb 2008
    And iba rin yung bailout sa mga carmakers The government is just bailing out everyone in sight.

  6. Join Date
    Nov 2005
    Kung nasa US ako, pupunta ako sa Fed, hihingi din ako ng bailout.


    Grabe talaga nangyari kay AIG...

    world's biggest insurer.

    after the asset sale, ano kaya magiging itsura nya.

    Parang isang tao na baon sa utang dahil sa sugal, nagbebenta ng ari-arian para makabayad ng utang...

  7. Join Date
    Nov 2005
    the AIG garage sale begins:

    AIG, the stricken US insurer, has sold its 50% stake in London City airport, as it embarks on a disposal of assets in an effort to repay the $85bn US government rescue loan. It is considering selling more than 15 businesses, including ILFC, its aircraft leasing unit, a stake in a large US reinsurer and billions of dollars in properties. Edward Liddy, AIG chief executive, is expected to announce later this week what other assets could be for sale.

  8. Join Date
    Dec 2005

    ^^^ Whew,- at this point in time,- cash is king.... You have the money, you can get these bargains. BTW, are they?....


  9. Join Date
    Nov 2005
    Yes if u got cash, you can buy a bunch of very nice businesses from AIG.

    Actually, buyers are already circling above AIG...

    Meron mga local insurance companies interesado sa Philam... pero di pa alam kung binebenta ang Philam

    I guess bargains mga yan. Buyer's market e.

    Di pwede mag matigas ang AIG sa mataas na asking price.

    Kelangan nya ng pera e.

  10. Join Date
    Nov 2005
    Update on the AIG garage sale...

    nakapila na sa labas ng gate ang mga buyer... of assets likely to attract interest from potential buyers including sovereign wealth funds, private equity groups and US and European insurers. Executives at AIG have yet to decide which parts of the insurer’s portfolio of global operations to sell. But interested parties are already eyeing its most coveted assets, including AIG’s large operations in Asia, some of its US insurance businesses and International Lease Finance Corp, one of the world’s largest aircraft leasing companies. Potential investors in ILFC could include Middle Eastern state bodies such as Dubai Aerospace or Mubadala of Abu Dhabi. Warren Buffett’s Berkshire Hathaway also has been contacted about ILFC and other AIG businesses. Meanwhile, Hank Greenberg, former AIG head, is trying to put together a buying group, either to buy the whole company back or parts of it.

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AIG facing liquidity crisis!