AIG takes $9.1 billion write down - will raise capital immediately

AIG the large financial congolmerate reported an $8 billion quarterly loss tied to $9.1 billion in credit-loss related write downs.  It picked up a nice downgrade from Fitch for its troubles and also announced it will raise new capital immediately.  Even better news for AIG shareholders is the company's continued exposure to future losses in the CDO market and it's inability to unwind any of its bets in the near future. From Market Watch on AIG's credit-market problems: The worse-than-expected results were driven by a $9.11 billion write-down on a credit derivatives portfolio and $6.09 billion of net realized losses from AIG's investment portfolio. AIG's derivatives unit had to post $9.7 billion of collateral to support those waning credit derivatives positions at the end of Apr