Give your guess! Is AIG on it's way back to a full recovery, since receiving the $70 Billion bailout money?
Sep 4, 2010 · Arthur27 · 4 replies · 1612 views
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No...under the terms of the agreement, AIG will be broken up and sold off over the next two years with 80% of the proceeds, plus interest going to the Federal government. The idea was to ensure that AIG can get top dollar for its bits and pieces instead of having to undergo a fire sale at greatly reduced prices.
Common stock holders basically got screwed on this one, but in the interests of a stable free market, the taxpayers came out ahead.
Nov 25, 2010 · Juba
> Who (in Spain) cares?
Most major EU banks who hold large investments with AIG.
But if you don't have a bank account then you'll have nothing to worry about.
Dec 11, 2010 · foxbat
jumpingspidermedia...
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