from aig press release!!!! short is toast!!!!
it's a credit line....not a loan...
HEY MORON, RE-READ THIS PARAGRAPH FROM YOUR LINK:
" We believe the loan, which is backed by profitable, well-capitalized operating subsidiaries with substantial value, will protect all AIG policyholders, address rating agency concerns and give AIG the time necessary to conduct asset sales on an orderly basis."
DOES THIS SOUND LIKE A *LOAN* TO YOU AZZ? LMFAO.
they get principal, interest and majority of stock.
tough work but someone has to get it.
All Paulson did was screw Greenberg. He hated Greenberg. He is a hater, a destroyer. LIBOR plus 8.5% was not enough. Taxpayer wont get shit. They are dismantling it, not fixing it. Pieces will be sold to Paulson's inlaws. figuratively speaking.
The articles all state that the shareholder will suffer because of this. It has been posted over and over, yet you persist with good numbers ongoing.
I hope you are right because I took a long postion today. Not looking forward to what I think is going to be bad news for longs.