AIG's Asset Dump
AIG is looking to sell assets to avoid its nationalization. Here is an article form the Financial Times. The article says AIG's airplane leasing business, International Lease Finance, could fetch $10 billion. I heard on CNBC before AIG's bailout that ILF could be worth $50 billion. Interesting revaluation.
I wonder what AIG is going to do with its approximately 10,000 independent financial advisors. One good thing about AIG collapsing is that its crappy ads are no longer on CNBC, at least I have not seen them.