Wed, Mar 4, 2015, 12:52 PM EST - U.S. Markets close in 3 hrs 8 mins

Recent

% | $
Quotes you view appear here for quick access.

American International Group, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • sep122 sep122 Oct 14, 2008 8:53 PM Flag

    Greenbergs plan

    politically it should not happen
    not fair for those companies that went under(LEHMAN....).
    and those non financial companies that need the help(GM,F..)
    if the terms to aig are based on greenbergs plan,then the feds have to help ALL.
    THE HIGH INTEREST AND THE OWNERSHIP CLAUSE FOR AIG IS EXCEPTIONAL AND NO ONE COMPANY COULD AFFORD.WHEN THINGS CALM
    DOWN YEARS FROM NOW,THINGS WILL CHANGE, THE TERMS WILL CHANGE .

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • disagree. GM and Ford got loans too...

    • Lehman was insolvent, not facing liquidity issues. It could have gone to the Fed window if it were just a matter of liquidity, but didn't.

      GM and F have been operational issues as well as the pension and medical deals with the unions that cause their stress -- again, not a liquidity issue. They need to sell more cars to get out of their problems.

      So these aren't comparable -- although I agree that politically it will be tough. But the high ticking fee on the loan is likely no where near market for a distresses company and should be reviewed, together with the % the govn't took. The first can be done near term, while the second might take longer.

    • Life is not fair to anyone.
      Especially me.
      If you fear failure don't follow me cause I almost always fail.
      Get away from me cause I am bad luck.
      I am long.
      Some of my friends know to bet opposite of me.
      :) really!
      I'll sit and wait while AIG goes up.
      Dead Reckoning.
      Friends Beware!
      I aim to be able to buy Alaska soon. Lotsa Oil there.
      Also Maui.

      • 1 Reply to surfingds777
      • God doesn't exist.
        There is no such thing as good or bad luck.

        Luck = opportunity plus perserverance!

        Life is hard enough without setting yourself up to fail.

        The world is yours... go claim you piece of it and die like the 38 Billion people who have come before you.

        Life is easy! Living it well is hard.

        Forget the Drama and BS... take what you want from it... pass on what you can... and die and leave the future better than when you started for someone else.

    • Lehman was insolvent, not facing liquidity issues. It could have gone to the Fed window if it were just a matter of liquidity, but didn't.

      GM and F have been operational issues as well as the pension and medical deals with the unions that cause their stress -- again, not a liquidity issue. They need to sell more cars to get out of their problems.

      So these aren't comparable -- although I agree that politically it will be tough. But the high ticking fee on the loan is likely no where near market for a distresses company and should be reviewed, together with the % the govn't took. The first can be done near term, while the second might take longer.

 
AIG
55.45-0.13(-0.23%)12:51 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.