AIG: Details of Its Punishing Bailout [View article]
And here is a generally psitive article in today's Business Week, suggesting that new CEO Liddy will sell off assets at top speed to reduce the interest payment, thereby reducing the Draconian effects of the Loan. Furtermore, numerous investors are waiting on the sidelines (including the German giant Allianz with $ 1.5 trillion in assets) to obtain a chunk of AIG, which means that either its assets will come positively into play or that suitors will obtain an equity stake similar to Buffet's in GS.. Either way, AIG is solvent even today, and the upside potential is enormous:
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And here is a generally psitive article in today's Business Week, suggesting that new CEO Liddy will sell off assets at top speed to reduce the interest payment, thereby reducing the Draconian effects of the Loan. Furtermore, numerous investors are waiting on the sidelines (including the German giant Allianz with $ 1.5 trillion in assets) to obtain a chunk of AIG, which means that either its assets will come positively into play or that suitors will obtain an equity stake similar to Buffet's in GS.. Either way, AIG is solvent even today, and the upside potential is enormous:
Sep 26 03:25 am
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