QOTD.

NYT:

Mr. Liddy said A.I.G.’s need for emergency cash from the government had stopped growing in recent weeks and had stabilized at about $38 billion. He said the vast majority of that sum had simply passed through the company and gone to other financial institutions, where A.I.G. had to settle contractual obligations, many of them involving derivatives. A lesser amount from the government had been used to bolster the capital of its own operating units.

A.I.G.’s needs for cash could suddenly grow, however. If conditions worsen, perhaps because customers and employees flee, or if asset sales take too long and their prices fall farther, then the ratings agencies might still downgrade the company.

In the event of a steep downgrade, A.I.G. might have to come up with $8 billion to $11 billion in cash to provide collateral to its counterparties, Mr. Liddy said in response to a question.

Am I missing something, or do these grafs -- at the tail end of the article, published today -- need to be rewritten in light, well, this?