and govt keeps 80% stake. More dilution. New dilution carries a 4 billion a year price tag in interest. AIG is a bust. Going under $1.00..
40B is not dilutive.60B is loan on with 80% of shares as collateral per the original loan terms with a lesser interest rate and 5 year payback vs. 2 year.50B is TARP purchase of toxic debt...More to follow... it is still not a game changer... only asset sales and pressure off will make a difference.We won't see the real "view of things" until $60B is paid off and we come out of the current crisis in 6 mos.It is a better... aka NECESSARY change to the deal of 9/16 based on what happened after the FED let Lehman fail.
Given all of that, would you be in a hurry to buy now, or wait a while.I freely admit to not understanding the ramifications of this new deal.....reminds me of Business Law in college....yechh!!!Seriously, I view you as someone who knows their stuff and would appreciate your take on when to get in...if at all.
disagee, your analysis is weak and meaningless. Go away until you can demonstrate facts rather than your bashing , anti American finanical terrorism.
Are you retarded? The preferred shares are essentially a 10% loan on $40 billion, they don't dilute.