AIG Rating Cut

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The Wall Street Journal is reporting that Standard & Poor's has cut AIG's credit rating by three notches. Good to see the agency has returned from its 2 year hiatus well-rested and intent on completely fucking what's left of the global financial system. Oh, and WaMu was downgraded to "junk" earlier tonight, but you already knew that.
Update: According to CNBC, AIG has until Wednesday to pull $70 billion and a rabbit out of a top hat or it's starts with a 'b' ends with a 'ankruptcy time.' An updated version of the Journal story corroborates Wednesday as pack your shit up day, though claims the number is more like $75 billion.

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