Why Did AIG Rally Yesterday?
August 6th, 2009
Harry Tuttle submits:
I have no idea. However, Matt Phillips offers, among others, the following possible explanation:
Apparently there has also been some chatter swirling around trading floors that some sort of debt-for-equity swap may be in the works between AIG and the U.S. government, said David Lutz, managing director of equity trading at Stifel Nicolaus, who had heard the rumors during the day.
