What to make of AIG?
Comments
By Anonymous | Posted 9:14am | October 9, 2008
And meanwhile the execs party hearty while AIG burns
By Anonymous | Posted 11:19am | October 10, 2008
AIG has not been nationalized. The government took warrants good for about 80% of the company, if exercised. But it hasn't exercised them, and probably never will.
At some time in the future, likely at warrent expiration in 2028, the government will either let them lapse due to "an oversight" or claim that it never intended to own AIG, instead it intended to stabilize the market for the good of all concerned, and it will claim a victory.
Naturally, the power players of the day will know this ahead of time and buy AIG stock ahead of the announcement.


