LBX

AIG Suddenly Takes the Full Disclosure Route

Uncle Ben and Uncle Tim, I am a poor poverty stricken speculator who owes more than 50% more on the 3 houses I bought on no money down loans.

I also owe $$$ on my credit cards, have an upside down car loan/

Beside that, I have a student loan for a PhD degree from MIT in economics with no hope of getting a job in this climate.

My counterparties include the US Government, Freddie Mae and Fannie Mae, Bank of America and Citibank, among others.

You can't allow me to go under!

It would cause the counterparties to be insolvent, and also have the spectacle of a newly minted PhD in economics from MIT to be visibly out of a job and unemployed.

Bail me out, now. Or else.

AIG Suddenly Takes the Full Disclosure Route

Uncle Ben and Uncle Tim, I am a poor poverty stricken speculator who owes more than 50% more on the 3 houses I bought on no money down loans.

I also owe $$$ on my credit cards, have an upside down car loan/

Beside that, I have a student loan for a PhD degree from MIT in economics with no hope of getting a job in this climate.

My counterparties include the US Government, Freddie Mae and Fannie Mae, Bank of America and Citibank, among others.

You can't allow me to go under!

It would cause the counterparties to be insolvent, and also have the spectacle of a newly minted PhD in economics from MIT to be visibly out of a job and unemployed.

Bail me out, now. Or else.