Biotech Values

[exwannabe]

Re: AIG

If the deal is really that good for the US, why didn't AIG just go chapter 11, sell off some assets over a couple years and re-emerge? There was no indication they had had an operating cash issue (other than of course the need to pay off the loans that wuld have been due this week).

The obvious speculation is that even selling off the many valuable assets doesn't get them out of the hole.

Put it this way, it is quite likely that in the Ch 11 scenerio they would end up cuting a deal on some debt, and the shareholders would get zip da do nothing.

The truth may very well be that the deal was structured this way in order to give hope for the common.

[All very speculative when we know neither the bailout terms nor the financial situation]