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Legal Commentary

: Prawfs

Hey You! Yes, You. You own AIG!

By Dan Markel, Ethan Leib, Rick Garnett, Matt Bodie, Paul Horwitz , Steve Vladeck, and Orly Lobel

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Congratulations!  You are now a proud owner of AIG stock.  You might want to start learning more about your investment.  Here's AIG's website.  Here's the Yahoo financial page; hey, it looks like the stock is starting to go back up!  You also might want to learn a little something about credit default swaps; here's a brief primer (including economic models!).

You say you wanted to avoid equity investments in this unsettled time?  Well, sorry -- the Fed has purchased a 79.9% stake in the insurer on your behalf.  Trust us -- it's for your own good.

Full post as published by Prawfs on September 17, 2008 (boomark / email).

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