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martingale

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martingale

Re: nicehit post# 955

Wednesday, 10/01/2008 2:03:47 AM

Wednesday, October 01, 2008 2:03:47 AM

Post# of 8151
The United States government is going to come out of this AIG bailout smelling like a rose IMO. They will have a financial stake in the company going forward which they can sell to the market, they will receive back all of their $85B and they will also earn interest in excess of 11% per year on the outstanding balances. It was a very smart arrangement. Cheers to the FEDS for pulling it off. This might take a year or so but AIG will emerge an independent company once again.
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