Saturday, April 2, 2005

Just Another Billion-Dollar Lie

Matthew Goldstein at TheStreet.com is pounding AIG - or is he pounding the analysts?

According to Mr. Goldstein "most of the two dozen analysts who cover AIG had raised their earnings estimates, even after the public learned in mid-February that state and federal investigators were looking into allegations of accounting irregularities at the insurer. The analysts stood firm, even as AIG shares were plunging 24% to a little under $56 a share."

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