AIG's CMBS

AIG continues to sell CMBS. They're 3Q holdings show that the majority are BBB-rated or lower (that's got to hurt their RBC reserves).

They're total holdings include $17 billion *traditional* CMBS, $1 billion in ReREMICs, $152mm in Agency, and $934mm in *other*

Bloomberg is reporting that they wrote down another $6.46 billion. I'm not seeing anything additional from their first quarter *other-than-temporary* write down of $55mm, though. They did have some unrealized losses (much less than a billion) that were offset by some of their gains from sale. We'll have to take a closer look at their report.