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Financial president advises planning  Falling housing prices, a volatile stock market and the controversy over sub-prime mortgages have Americans again wondering about their financial security.Commentread more...


The Sun Chronicle Newspaper  To stage or not to stage? That is a question more and more homeowners from this area are finding themselves considering as they sell their homes.via


E-Trade gets $2.5B infusion, CEO out  "E-Trade's core business is strong" Discount broker E-Trade Financial Corp. disclosed Thursday it is getting a $2.5 billion capital infusion from a group led by Citadel Investment Group and


Fitch Rates Merrill Lynch Mortgage Investors Trust Asset-Backed Ctfs, 2005-HE1 (Business Wire via Yahoo! Finance)   Merrill Lynch Mortgage Investors Trust, mortgage loan asset-backed certificates, series 2005-HE1, are rated by Fitch as follows:via


Contractor Pistol Whipped & Shot  Ronald Triplett was visibly shaken as he stood by and watched his friend, Kenneth Watson in intense pain.read more...


Wholesale Prices Up 1.3 Percent In February  Inflation at the wholesale level surged in February, pushed higher by a big jump in energy prices and the largest increase in food costs in more than three years.Wholesale prices

May 8th, 2008

AIG posts 1Q loss of $7.8B, plans to raise $12.5B in capital

“While we anticipated a difficult trading environment, the severity of the unrealized valuation losses and decline in value of our investments were beyond our expectations”

By STEPHEN BERNARD The Associated Press Thursday, May 8, 2008; 5:32 PM NEW YORK —American International Group Inc. via Washington Post



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