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AIG (AIG -3.7%) has run its tab at the Fed up to $27B, the most in five months, after the...

AIG (AIG -3.7%) has run its tab at the Fed up to $27B, the most in five months, after the insurer tapped the credit line to repay expiring commercial paper. Debt on the five-year line was about $45B in November before AIG handed over stakes in two life divisions.
Comments (4)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    @#!$@*$^ !!!!
    30 Apr 2010, 11:50 AM Reply Like
  • Credible Clarity
    , contributor
    Comments (160) | Send Message
     
    And what is the 5 year line now?
    30 Apr 2010, 12:16 PM Reply Like
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    Chapter 7 Chapter 7 Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7Chapter 7 Chapter 7
    30 Apr 2010, 01:03 PM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    When AIG finally closes its doors its likely taxpayers will be on the hook for some debt, but substantially less than what most of the public believes now. The refinancing of that commerical paper only keeps them alive long enough to more prudently sell off more businesses at more than fire sale prices. I believe it is financially wise to unwind the company in this way. On the other hand, there remain companies that aren't unwinding their operations and haven't yet contained their substantial risk to become sustainable long term businesses. Consider all of large banks that still own the toxic debt that isn't now being marked to market. Consider GMAC that is ONLY bleeding money. They're on a fed drip now and with no plans to become self-supporting ever. Look at General motors who still hasn't worked out their legacy expenses with unions, and need to see their future IPO return more than the company has ever been worth just to pay off the other $50 billion of taxpayer money the government forced taxpayers to 'invest'.
    30 Apr 2010, 01:45 PM Reply Like
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