I am listening and he sounds like Palin, diverting questions. It was funny that someone asked him that there was a conflict of interest as he came from GS and GS has a stake in AIG and that paulson did this.
I found that he lacks numbers but was talking broadly. Not good in my mind, he will sell it at firesale price to GS. Anyone?
FAcTS:baxter to sears to allstate to retirement to aig that was Liddy's carrer path. You sound like J. Biden, he cant get the facts straight either! Liddy will bring this co. back to 70 barring a complete meltdown of US fin. system.
That's because it is purposely vague. I believe with a quick re-paymnet of the loan, we will see a Chrysler like actionable from the Fed resulting in non execution of the preferred convertible. AIG is poster child for Fed Bailout. It's a winnder with calculated risk. At least we know what the calculated risk is as opposed to other investments. Get in, particpate in upside and hedge aginst long term dilution if it happens. Great opportunity for us all.