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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Federal Buy Outs
  • Date: Wed, 17 Sep 2008 10:25:16 -0700 (PDT)

I haven't read the specifics, but this is supposed to float the entity for
two years, from what I understand.  The net is that AIG is de facto
nationalized...bobf



----- Original Message ----
From: "Clansgian AT wmconnect.com" <Clansgian AT wmconnect.com>
To: homestead AT lists.ibiblio.org
Sent: Wednesday, September 17, 2008 10:22:51 AM
Subject: Re: [Homestead] Federal Buy Outs



> >Also,
> funny comment was that the effectof them coming apart quickly would be
> a disaster. Does this mean they are still expected to fail slowly?
>
>

It does.  If AIG had been forced into bankruptcy, it would have forfeited all
its assents all at once and they would have had to be liquidated almost
instantly at pennies on the dollar.  The Fed hopes to sell them off in an
orderly
fashion to keep from dumping all that on the world market all at once ...
that
was the 'disaster' that was averted.  AIG as a feasible financial entity is
toast.  </HTML>
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