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  • Why Would Treasury Cut AIG's Interest Payment? [View article]
    In addition to my post above, I think that when the FED did the $85B line-of-credit, they wanted to look "tough" since they have just let Lehman go and everyone thought that their would be no more bailouts. After seeing the true effect of Lehman's bankruptcy and the FED deciced that they need to bail out AIG....but they need to show the public and taxpapers that its not really a bailout for AIG's as a company or for shareholders....hence the "tough" stance.

    All that should be changed now since now the FED is bailing out everybody.
    Nov 07 16:59 pm |Rating: 0 0
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