Net worth: H$1,000
Guest:Cash: hd$1,000   Predictions: hd$0
You currently have hd$1,000 (Hubdub dollars), Hubdub's virtual currency, to stake on your predictions. Your predictions are currently worth hd$0
Home
Leaderboards
Forums
PoliticsSportEntertainmentWorldBusinessTechnologyScienceGeneral

Will AIG still be a publicly traded company on October 1?

Settled as Yes

Settled as YES, AIG is still being publicly traded on the NYSE (trading at 3.59 at 10:24 EDT, nearly 26 million shares traded)

Background:

Question created by
Background: Insurer American International Group Inc is struggling for survival after a financial tsunami swept away investment bank Lehman Brothers and forced the sale of rival Merrill Lynch in the biggest financial industry shake-up since the Great Depression.

The U.S. Federal Reserve has hired investment bank Morgan Stanley to review options for AIG -- which has lost some 90 percent of its value so far this year -- a person familiar with the situation told Reuters on Monday.

Will AIG survive?

Settlement details:As reported by Reuters.

 
Forecast history %
Yes
97%
No
3%
Settled as Yes on Wed 1st Oct 2008 6:41am PST

Suspend date: Tue 30th Sep 2008 11:59pm PST
Settlement date: Wed 1st Oct 2008 6:41am PST
Prediction cut-off: Predictions on this question after Tue 30th Sep 2008 11:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 50%

Action history:

Created Mon 15th Sep 2008 1:15pm PST by reuters
Suspended Tue 30th Sep 2008 11:59pm PST : Suspend date reached
Settlement requested Wed 1st Oct 2008 2:07am PST by tomtom: Deadline has passed; company still traded.
Settlement requested Wed 1st Oct 2008 5:42am PST by rogerkni: I just requested a quote on AIG and got one--it's still trading on the NYSE on Oct. 1.
Settled as 'Yes' Wed 1st Oct 2008 6:41am PST by bayoubear[Admin]: Settled as YES, AIG is still being publicly traded on the NYSE (trading at 3.59 at 10:24 EDT, nearly 26 million shares traded)

Suspend date: Tue 30th Sep 2008 11:59pm PST
Settlement date: Wed 1st Oct 2008 6:41am PST
Prediction cut-off: Predictions on this question after Tue 30th Sep 2008 11:59pm PST have been voided because they were made after the question could be settled details

 

Predictions (87)

1 year ago
rogerkni predicted Yes (H$1,000 at 95%)
1 year ago
rogerkni predicted Yes (H$2,000 at 94%)
1 year ago
rogerkni predicted Yes (H$2,000 at 94%)
1 year ago
rogerkni predicted Yes (H$2,000 at 93%)
1 year ago
rogerkni predicted Yes (H$1,000 at 92%)

Comments (0)

No comments yet

Please log in or join to add a comment

Stake virtual dollars on the outcomes of real news stories! Win more if you're right and climb the leaderboards Learn more...

Name
Email
New password
By joining you are agreeing to our terms of service

Related News
This news is selected automatically based on the question, its background, options and tags


score: 10
Credit Crunch Hurts Small Businesses Most

Experts say the credit crunch will get worse with no bailout, and the biggest victims are small businesses. According to the U.S. Small Business...

score: 10
Credit Crunch Hits Student Loan Business

In the past 12 months, 33 banks and lenders have permanently or temporarily closed their student loan businesses. . . (UPI) - The credit crunch has ...

score: 10
From Bear to AIG, Credit Crunch Victims Pile Up

percent drop in Q3 profit, hurt by $6.5 billion subprime-related write-downs and losses; CEO resigns Nov.4. Dec 17: Credit crunch spreads to Australia's Centro Properties, a U.S. shopping mall owner, which issues profit warning. Its shares drop 70

score: 10
Locals concerned AIG bailout could hike business premiums

The federal government's $85 billion bailout of insurance giant American International Group Inc. could eventually push insurance rates higher for...

score: 10
Wall Street banking model dies in Fed arms

congress on a $700 billion (R5.6 trillion) bailout to prevent the crisis from pushing the economy into severe recession. By agreeing to much tighter Fed regulation as bank holding companies, Goldman Sachs and Morgan Stanley moved to avoid the fate of