)The top 100 stock
market authors
selected for publication in the last week
market authors
selected for publication in the last week
streamline
»
Comments
» Single Comment
| 
-
The Seeking Alpha 100
See all
Seeking Alpha 100 » -
Fastest Climbers
Those with the largestSee all
increase in followers
in the last week
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most activeSee all
Instabloggers.
Top Instabloggers » -
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
-
Aig is just getting a 2 year loan secured by collateral (79.9% of AIG shares). Its just a two year Loan @ almost 12 & interest. Period.
Sep 26 01:23 am
|Rating:
0
0
All Comments by streamline »AIG: Details of Its Punishing Bailout [View article]
The Government would get to keep the shares if AIG defaults on the loan...buy they have two years to pay it off....and I bet it gets paid off within 6 - 10 months (maybe faster).
Then the shares have to revert back to AIG.
The way you tell it is that the Gov charges 12% interest for a two year loan and then keeps all the collateral securing the loan.
That does not make sense on any planet.
Peace,
Dan