Comments on: Uncle Sam’s AIG exit likely to be drawn out

By: bff426

bff426 — Wed, 29 Sep 2010 22:52:33 +0000

I have been puzzling over how a AIG is supposed to pay us back. As you mentioned, we already own 79.9% of the company. So the company converts $49 billion owed to the Treasury into common shares, and we now own 90%. So are we to believe that $49 billion equals 10% of the value of the company? That puts the valuation of the company at $490 billion. I don’t think so. The market capitalization as of the close of business today is $25 billion. And imagine how that would go down if the 80% of the shares that the government now owns went to the market with a sell order. It would make the flash crash back in May look like a picnic. Face it, Timmy and Bennie, they broke it, now we’re stuck with it.

By: rgw

rgw — Tue, 28 Sep 2010 23:13:09 +0000

one comment on AIG—even GREENBURG said it was wrong and not needed…end of story…

By: rgw

rgw — Tue, 28 Sep 2010 23:12:21 +0000

Being---soon to be---ex AIG division employee..I know the bail out was WRONG...stupid...moronic...NOT the way things work.. anyway...does these people--CAREER politicians even know how to balance a ck book?? but the point is---anyone ever raise a simple question..GOOGLE >> taxes we pay << decades of CAREER politicians picking our/your pockets...CUT 1/2 of the taxes/fees listed and BINGO---STIMULUS....DAH...then go after rest...ONE TAX(SALES)--FED 12% / State 5%....DONE.. but reasons...too many for the SMALL minded CAREER politicians..PLUS too easy for VOTERS to watch..ya think.. I would have ONE exception..NO TAX on FOOD..

By: DavidMerkel

DavidMerkel — Tue, 28 Sep 2010 18:23:37 +0000

Good post. A welcome antidote to the credulous drivel most of the media put forth when the Treasury issued its press release.