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<blockquote data-quote="squeak9798" data-source="post: 5016923" data-attributes="member: 555320">//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gifThe e-mail is relatively idiotic from the simple standpoint that, as Flip has pointed out....the Feds didn&#039;t just hand AIG $85,000,000,000 and send them on their happy way.&nbsp; This was a loan, albeit titled as a &quot;bailout&quot; because if it didn&#039;t happen AIG would not have been able to raise the necessary capital within the necessary period of time.But the //content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif has to be repaid by AIG to the Feds, with an interest rate of LIBOR+8.5% (from what I recall).&nbsp; The government could in fact make a decent profit on this whole deal.&nbsp; AIG has plenty of profitable assets they can (and will) sell in order to repay the Fed loan, it was just going to take more time to negotiate reasonable deals than what they had since they couldn&#039;t find a source of private-sector funding.I was paying reasonably close attention to the AIG situation as, well....I guess I technically qualify as a government employee now //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif</blockquote>

[QUOTE="squeak9798, post: 5016923, member: 555320"] [IMG]//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif[/IMG] The e-mail is relatively idiotic from the simple standpoint that, as Flip has pointed out....the Feds didn't just hand AIG $85,000,000,000 and send them on their happy way. This was a loan, albeit titled as a "bailout" because if it didn't happen AIG would not have been able to raise the necessary capital within the necessary period of time. But the [IMG]//content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif[/IMG] has to be [I]repaid[/I] by AIG to the Feds, with an interest rate of LIBOR+8.5% (from what I recall). The government could in fact make a decent profit on this whole deal. AIG has plenty of profitable assets they can (and will) sell in order to repay the Fed loan, it was just going to take more time to negotiate reasonable deals than what they had since they couldn't find a source of private-sector funding. I was paying reasonably close attention to the AIG situation as, well....I guess I technically qualify as a government employee now [IMG]//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif[/IMG][IMG]//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif[/IMG] [/QUOTE]

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