AIG to date has received a total of $182.5 billion in loans.
The other day I woke up and not knowing anything about AIG or just how terrible the economy really is, I’d been passed a link clearly showing a jump in AIG from $1.16 per share to a breath taking $18.22. I almost dropped a deuce in my pants thinking I missed out on a great opportunity, wishing that I had some sort of sign that would’ve steered me into this gold mine. I started thinking about all the racing parts that I could’ve started ordering, overnight from Japan of course. Something didn’t seem right though, so I decided to click away at the almighty brain trust of the world, I mean Google, and the truth unraveled before my eyes.
AIG shareholders had approved a 1-for-20 reverse-stock split to prop up the share price and in reality, what had happened was that the split actually led to a 21% decrease in share value. All of a sudden, the universe seemed right again.
