Comments on: Taxpayers come second to company in AIG plan http://blogs.reuters.com/breakingviews/2010/09/30/taxpayers-come-second-to-company-in-aig-plan/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: currywkr http://blogs.reuters.com/breakingviews/2010/09/30/taxpayers-come-second-to-company-in-aig-plan/comment-page-1/#comment-3933 Sat, 02 Oct 2010 19:05:22 +0000 http://blogs.reuters.com/columns/?p=4179#comment-3933 AIG is an example of how Big Business, Large Banks are using taxpayer funds to enrich themselves at the expense of the tax payer.What have we done America?

 “I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.”Thomas Jefferson.

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By: jlawass http://blogs.reuters.com/breakingviews/2010/09/30/taxpayers-come-second-to-company-in-aig-plan/comment-page-1/#comment-3909 Fri, 01 Oct 2010 13:20:52 +0000 http://blogs.reuters.com/columns/?p=4179#comment-3909 Two big all-important points left out:

1. Purposed sale of shares at $29 will dilute current shareholders. That’s NOT good for shareholders. That is good for taxpayers.

2. What about the underlying business? Is $39 a share a fair price today? Are you confident in the economy for the next 18 months?

Wall Street will like a slimmed down AIG and their back to basics restructuring. Institutional investors with money on the sidelines will be interested in a 25% discount for such a big block of shares if the business can demonstrate signs of future growth.

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By: Mott http://blogs.reuters.com/breakingviews/2010/09/30/taxpayers-come-second-to-company-in-aig-plan/comment-page-1/#comment-3908 Fri, 01 Oct 2010 13:20:22 +0000 http://blogs.reuters.com/columns/?p=4179#comment-3908 Goes to show banks and insurance companies really never lose – they look so some times to lure for more.

I wish government with peoples money being the major stake holder this time, that they don’t rush too much into these lures further.

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By: Alex1953 http://blogs.reuters.com/breakingviews/2010/09/30/taxpayers-come-second-to-company-in-aig-plan/comment-page-1/#comment-3906 Fri, 01 Oct 2010 12:03:10 +0000 http://blogs.reuters.com/columns/?p=4179#comment-3906 Typical. Taxpayers will end up holding the bag again.

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