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Monday, August 06, 2012 5:05:39 PM
This is actually a very good statement. I actually thought of this a while back ago right after WAMU exited and gave the new co to equity. GM exited with a new co. AIG did not. AIG still had to sell to pay off creditors and uncle sam. I think this could be the same case here. AIG exited still owing, while exiting IPO and gave like 90% of new co to gov. then sold AIA the crown jewel and gave like 75% to gov and kept 25%. then sold other and they are still selling stuff today....but one thing is they want to buy back their MBS from maiden lane 1 and 2. there is value in those...just like there should be value in lehman mbs....i dont know...thoughts?...go figure...devil
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