Analyst: AIG may take $9.8B Hit

From MarketWatch: AIG may take $9.8 bln subprime hit, analyst says

American International Group could take a $9.8 billion hit from its exposure to subprime mortgages, Friedman, Billings, Ramsey analyst Bijan Moazami estimated on Thursday.

The write-downs will be big, but manageable...

This was the big rumor today.