Comments on: Uncle Sam’s AIG exit likely to be drawn out http://blogs.reuters.com/breakingviews/2010/09/28/uncle-sams-aig-exit-likely-to-be-drawn-out/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: bff426 http://blogs.reuters.com/breakingviews/2010/09/28/uncle-sams-aig-exit-likely-to-be-drawn-out/comment-page-1/#comment-3885 Wed, 29 Sep 2010 22:52:33 +0000 http://blogs.reuters.com/columns/?p=4125#comment-3885 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.

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By: rgw http://blogs.reuters.com/breakingviews/2010/09/28/uncle-sams-aig-exit-likely-to-be-drawn-out/comment-page-1/#comment-3863 Tue, 28 Sep 2010 23:13:09 +0000 http://blogs.reuters.com/columns/?p=4125#comment-3863 one comment on AIG—even GREENBURG said it was wrong and not needed…end of story…

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By: rgw http://blogs.reuters.com/breakingviews/2010/09/28/uncle-sams-aig-exit-likely-to-be-drawn-out/comment-page-1/#comment-3862 Tue, 28 Sep 2010 23:12:21 +0000 http://blogs.reuters.com/columns/?p=4125#comment-3862 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..

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By: DavidMerkel http://blogs.reuters.com/breakingviews/2010/09/28/uncle-sams-aig-exit-likely-to-be-drawn-out/comment-page-1/#comment-3860 Tue, 28 Sep 2010 18:23:37 +0000 http://blogs.reuters.com/columns/?p=4125#comment-3860 Good post. A welcome antidote to the credulous drivel most of the media put forth when the Treasury issued its press release.

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