Floor Talk: AIG rallies 18% on strong volume; would note that the stock has become virtually "unborrowable" today; this has contributed to market chatter that govt to place restrictions on Shorting stocks in which they have significant ownership stakes
This chatter also is contributing to sharp in advances in other government-controlled entities such as FNM (+11%%) and FRE (+14%), but we would note there are plenty of shares available to borrow for a Short in both of these names. In addition, Citigroup (C +7%) shares remain widely available for borrow. Moreover, while AIG has become extremely difficult to borrow today, this is not the first time this year that the supply of shortable shares has dried up in the stock.
American Intl declines to comment on share gains - DJ
Sen Dodd says no agreement yet on financial reform, talks in delicate stage - Reuters
$149 bln Jobs Bill clears procedural hurdle in U.S. Senate; bill reinstates $25 bln in expired tax breaks - Reuters
U.S. Treasury's Barr says bank participation in 2nd mortgage modification program is 'disappointing' - Reuters
InterMune (ITMN) will host conference call at 5:00pm ET to discuss the outcome of today's Pulmonary-Allergy Drugs Advisory Committee
Aktsia tegi viimastel päevadel läbi korraliku tõusu (~80%). Kauplemine aktsiaga on peatatud.
Aktsia tegi viimastel päevadel läbi korraliku tõusu (~80%). Kauplemine aktsiaga on peatatud.
American Intl: $1.3 bln debt issue by AIG's ILFC unit attracts strong demand - WSJ