User 264111

It's Ugly Out in the Markets

Isn't it odd that the US Gov't has a problem with $5 gasolne prices (gouging) and not the action that they have taken with their loan to AIG? The gov't operated as vultures, price gougers, pirates and crossed a line. If the deal was important for the government to participate in - it should have been fair to stockholders (many of whom may be citizens - voters).

It's Ugly Out in the Markets

Isn't it odd that the US Gov't has a problem with $5 gasolne prices (gouging) and not the action that they have taken with their loan to AIG? They operated as vultures, price gougers, pirates and crossed a line. If the deal was important for the government to participate in - it should have been fair to stockholders (many of whom may be citizens and voters).

AIG Lives Another Day; Shareholders? Not So Much

AIG would have been worth $100B+ in a Chapter 11 breakup sale - that's $25 per share. Plus is the unrealized losses ever move back to the company, that's another $5. With this in mind, this deal appears terrible to shareholders, as the government reportedly gets 80%. Isn't the Board's first job to protect shareholder value???