Treasury - Feds gave us shareholders a loop sided loan agreement. Even the mafia would have felt more compassion for us and gave us better terms. I not voting for either party this time. Both are bunch of crooks! No reason for them not to take with Greenberg. Also, the former CEO was an idiot!
I hope the terms leave out the equity stake because that a real kill for the shareholders. Loan terms are $1.7 billion upfront cost and 8.5% on total loan drawn or not plus an additional 4% on outstanding drawn balance. It a payday loan!
Many reasons, he is approx. in his 80`s & does not have the time to wait for it to go up. Or could be other personal reasons. I see Buffet is buying a AIG Insurance Unit & another overseas client is Purchasing a AIG Unit. So, this is the start my good lad. I also purchased another 1,000 shares this morning.