$700,000,000,000 billion coming for a rally, just not AIG
Congress has made it clear they want them to able to function with no profit going to companies. Time to roll the cash into nonfinancials.
Money going to the people not Wall Street.
Derivative nightmare will be something will first focus on. Incompetant, bonus hungry culture will be a huge target and there is no doubt irresponsible actions are gonna costs. Any profits to be squeezed out, I hope there will be some, will be going to ANGRY taxpayers. AIG will survive and wallow slowly towards sub $1 as the details are revealed.
Sorry, thousands of executive millionaires are a couple of years from the good 'ol days. More than a few may be headed to jail with personal bank accounts used to pay off bad debt. Some good luck and taxpayers may make a buck, I hope a lot.
Bwahahahaha, many very wealthy white collar criminals gonna pay the price.