AIG to Raise $20 billion

AIG announced that they are planning on raising $20 billion in capital by offering new public shares and selling a variety of new securities.  This announcement comes on the heels of the company's monstrous $8 billion quarterly loss in the most-recent quarter.  The move will help AIG sure up its balance sheet and help maintain its rating with credit rating agencies. The announced sum is about $8 billion more than the previously announced capital-raising plan outlined after the company suffered more than $9 billion in mortgage-related losses. From Market Watch: Raising more capital than planned may be a positive sign because it shows that investors are keen to put new money into AIG. However, it could also be read more negatively — suggesting AIG needs to prepare for mor