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American International Group, Inc. Message Board

  • mashiach Sep 21, 2008 3:39 PM Flag cost.....

    AIG got a Bridge Loan - $85 Billion
    Interest Total = 11.5%
    Warrants issued - No value at this time but, in my opinion, will never be exercised.

    It is a Line of Credit
    Probably won't use 1/2 of it, if at all.

    Gov'ts new plan now takes the bad mortgages out of the formula.

    AIG may not need the money at all at this point.

    Even without the governments newest $700B mortgage bail-out, the bridge loan would have given AIG the time to reorganize from within.

    The deal was and still is very good for the tax payer. Everyone wins - AIG, the taxpayer and the world economy.

    Look for a dramatic increase in the stocks value in coming days.

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