AIG Sets New Record Loss & All Eyes on Citigroup Today

6:35 AM – Friday – The Wall Street Journal is reporting bleak news today that American International Group, Inc. (AIG) reported a record-setting loss of $7.8 billion, which includes a $9.1 billion write-down.
The insurer said it plans to replenish its balance sheet by raising $12.5 billion in capital.
My take is it’s likely just another effect of the sub-prime mess.
However, what I really found interesting is when I flipped over to the stock lookup page on Yahoo and took a look at the one-week chart on AIG.
Interesting…. very interesting…
In other news, I expect the street to be buzzing about Citigroup’s analysts and investors meeting today. Here’s a little background on what to expect from an AP story.

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