Jim said this on Oct 15th...
Jim Cramer's 'Stop Trading!': Avoid AIG
"We are so on the hook to AIG," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. "That will prove to be an unbelievable black hole that will last forever. I don't know what was worse -- taking them over, or letting Lehman fail."
As for buying AIG shares, Cramer was confident. "In no uncertain terms, that will never pay off," he said. He said he was seeing opportunities in the market as we pull back, but "AIG is not one of them."
Well Jim only time will tell whether this was a good buy or not....we'll see!
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Experience life go out and see/do things you would normally pass up on. Life is too short.
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