AIG AIG stares at more losses
{"Image DocumentName": "AIG AIG stares at more losses", "Image ImageDescription": "Rescue deal doesn\u2019t cover soured trades;  10 billion is owed. American International Group Inc. owes Wall Street\u2019s biggest firms about  10 billion for speculative trades that have soured, according to people familiar with the matter, underscoring the challenges the insurer faces as it seeks to recover under a U.S. government rescue. The details of the trades go beyond what AIG has explained to investors about the nature of its risk-taking operations, which led to the firm\u2019s near-collapse in September. In the past, AIG has said that its trades involved helping financial institutions and counterparties insure their securities holdings. The speculative trades, engineered by the insurer\u2019s financial-products unit, represent the first sign that AIG may have been gambling with its own capital. The trades and the amount lost on them haven\u2019t been explicitly detailed before. In a recent quarterly filing, AIG does not exposure to speculative bets without going into detail. An AIG spokesman characterizes the trades not as speculative bets but as credit protection instruments Columbus Trust GmbH.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}