Recovery Applies to AIG Stock, Too

The top executives of embattled insurance giant AIG are getting grilled this morning in Washington. And apparently, the market thinks that’s a good thing. U.S. stocks opened down this morning—at last check the Dow had declined 1.3 percent. But at last check (11:45) AIG’s stock had bounced up nearly 44 percent.

What gives? We know Barney Frank is planning to ask for the names of employees who received $165 million in bonuses…