CITI POT CALLS AIG KETTLE BLACK

BANZAI7 NEWS--There's a significant chance that American International Group Inc.'s (AIG) equity may be worthless, a Citigroup analyst said Thursday.

Analyst Joshua Shanker wrote in a research note that there's a 70% chance that AIG's equity is worthless due to more losses on credit default swaps, and "management's increased openness to disposing of businesses at low valuations."

An AIG spokeswoman wasn't immediately available to comment.

AIG shares have lost more than half their value since the stock underwent a reverse stock split at the end of June.