http://finance.yahoo.com/news/AIG-posts-89-billion-rb-4019897031.html?x=0&sec=topStories&pos=1&asset=&ccode=
It's time to cut the apron strings on this loser
American International Group Inc (NYSE:AIG - News) reported a quarterly loss of $8.9 billion on Friday and warned that it may need additional U.S. government support, even as it tries to pay back taxpayers after a $182.3 billion bailout.
AIG shares fell 14 percent in premarket trading.
The insurer said in a filing with the Securities and Exchange Commission that without additional government support, "in the future there could exist substantial doubt about AIG's ability to continue as a going concern."
AIG, which is nearly 80 percent-owned by the government, reported an adjusted loss of $7.2 billion, or $53.23 per share, compared with an adjusted loss of $38.5 billion, or $287.69 per share, a year earlier.
