Yesterday, I was supposed to do a quick 3 minute spot at Bloomberg, so I headed off to the studio after the close to talk about AIG earnings.
Only the AIG earnings were rather delayed (more than 20 minutes), so I got to babble for a good long time.
Barry Ritholtz, chief executive officer of Fusion IQ, talks with Bloomberg’s Julie Hyman in New York about American International Group Inc.’s second-quarter loss reported today, his recommendation of Western Union Co. and the outlook for the financial industry. AIG, the world’s biggest insurer by assets, posted a $5.36 billion loss as writedowns tied to the housing slump wiped out profit for a third-straight quarter. (Source: Bloomberg)
13:380 AIG, Western Union, Fannie Mae, Freddie Mac
short embed video (2 minutes)
Fusion IQ’s Ritholtz Expects More Writedowns at AIG: Video
Bloomberg, August 6, 2008 19:58 EDT