CNBC Bonus Bucks Trivia: On May 9, Jim Cramer assailed AIG — and its CEO Martin Sullivan. What did the Mad Money guru call the company?
Posted on Tuesday, May 27th, 2008 | In Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -
On May 9, Jim Cramer assailed AIG — and its CEO Martin Sullivan. What did the Mad Money guru call the company?
After the Dow component (AIG) cnbc_quoteComponent_init_getData(”AIG”,”WSODQ_COMPONENT_AIG_ID0E2CAC15839609″,”WSODQ”,”true”,”ID0E2CAC15839609″,”off”,”false”); posted an $8 billion loss Thursday – dragging the whole market down with it on Friday – and said it needs to raise an additional $12.5 billion, Cramer was astounded at how far the once well-run insurer has fallen. “This company is moronic,” he said flatly.
Sponsor: Financial Education Everything you need to know about finance
Last 5 posts by William Trent
- Capacity Utilization - November 22nd, 2009
- Capacity Utilization - August 16th, 2009
- Corporate Profits - July 12th, 2009
- Capacity Utilization - April 18th, 2009
- Another Record: Capacity Utilization - April 2nd, 2009
 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.