AIG Slumps…If One Believes in Numbers

Beware of companies that find new ways to value assets while they’re sinking. Where have we heard this story before? A company loses a bundle of money due to depressed values for its assets, and it says those valuations don’t really count. That’s what has happened to American International Group Inc. today in its conference call, and not for nothing, but instead of bouncing in the aftermath of the company’s chat with analysts, the stock is tailing off, lately hitting its worst level of the d