RK

Fannie Mae Plus Goldman Plus Tax Credits Plus U.S. Treasury Add Up to Big Mess

I am not familiar with the complexity of the deal. Why can't AIG just auction off the tax credit? On the other hand, I am enjoying seeing how the government runs GM, Chrysler, AIG, Fannie, Freddie and Citi. While I am sure it will not be good for these companies, perhaps the rest of the country and the pols will learn a lesson and think twice about having the government be a majority shareholder.

If I were an employee (especially a valuable employee) at these companies, I would bail.