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AIG’s Plane Unit ILFC Downgraded to Junk by Moody’s (Update3)
9 hours ago ago from All About Work & Financial
American International Group Inc.’s plane-leasing unit was slashed to junk by Moody’s Investors Service on prospects the bailed-out insurer may cut off funding for the business next year. “Longer-term support from AIG is less certain because of International Lease Finance Corp.’s diminished strategic importance to AIG,” Moody’s said today in a statement cutting the plane unit’s senior unsecured debt rating four levels to B1. Previously ILFC ...
Related contentCramer: Buy Salesforce.com?
23 hours ago ago from Stock Trading Alerts and Updates
Plus, get the Mad Money host’s take on Goldman Sachs bonuses and more. Original Source
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7 hours ago ago from Eye on Britain (
Woman wins £1m compensation after British NHS doctors misdiagnose back condition Nicola Dalby, a woman who was left disabled after doctors misdiagnosed her spinal condition, has won a £1m out-of-court settlement. Miss Dalby said she had agreed a million-pound settlement with two local GPs and Barking, Havering and Redbridge NHS Trust. The 43 year-old former coffee shop manager from Harold Wood, Essex, needs crutches to walk and suffers ...
Related contentThe Moral Equivalent of Murder
2 hours ago ago from Dissenting Democrat
AIG has borrowed about $ 160 BILLION from the U.S. taxpayers and have stated that they will not be paying it back. Student borrowers are in default approximately $ 16 BILLION. Hundreds of Thousands of former students have a total indebtedness of one-tenth of ONE CORPORATION! AIG doesn't have to pay back its loans. The Government will be forgiving the indebtedness but even if it hadn't, AIG could have bankrupted on the debt. The ...
Related contentGoldman Sachs Responds To Zero Hedge
22 hours ago ago from Wealth.net
A week ago we posed several questions to Goldman managing directors Lucas van Praag and David Viniar. Earlier today we received a broad response. We present it in its entirety for our readers. We will provide our counter-response shortly. Dear Mr. Durden: We read your comments about prop trading with interest. I ve addressed some of the points you raised, as well as the questions you directed to David Viniar and me. The fact that ...
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