Amerlafrance

AIG: Hardly a 'Bailout', Absolutely Necessary

I agree with eternitus; this is a taking by the government; Chapter 11 could have deferred the short term capital needs and allowed a restructuring that allowed the shareholders to receive the value of the equity. The printing presses are being used to steal the shareholders' equity; whay a warrant with an oversecured loan (accoring to the fed guy) that is paying north of 11%. Why should the government be allowed to bypass the normal resolution for cash flow issues and extort value from the shareholders? I guess we can all now get discounted health insurance once Congress starts dictating the business that AIG will write in the future.