AIG Out of the Woods

[Franco]

This is not June this is Oct. Things Change. They will do a road show as for any public offering and raise cash in the market. The analyst that follow this and have a handle on the valuation of the company as is today, believe that they will sell the governments ownership and the government will realize a profit. What you are doing is called "weak form" efficency, as Fama proved is not reliable because you are looking backwards. Valuation is based on what the company will do going forward.

But having said all this, our government has a history of passing out money and never getting any of it back. Think about our 2 wars. Is any of that money coming back? So even if we don't recoup everything, this is administration has made a real effort at getting your money back and paying for what they have implemented. You may not like the taxes, but at least they are paying their way, unlike the right that spends and cuts taxes and them blames the democrats for raising your taxes.

Sambo, those analyst have a financial interest in selling AIG stock, so they will position it as a good buy.

I'm sure the government will try and dump thier 92% ownership in AIG over a period of time and not all at once. However, with that much of the company available and with thier history, only the fools that believe that analyst have thier best interest at heart will be taken for a ride. The only interest analyst have is in seeing stocks traded because that is how they make thier money. The large majority of them could care less if one loses just as long as they make thier commissions on the sale of the stock.

And , you can't compare the money we spend as a nation on war! But, if you have to go there, I would say our ROI for WW2 was more than an awesome return!

[menmon]

Sambo, those analyst have a financial interest in selling AIG stock, so they will position it as a good buy.

I'm sure the government will try and dump thier 92% ownership in AIG over a period of time and not all at once. However, with that much of the company available and with thier history, only the fools that believe that analyst have thier best interest at heart will be taken for a ride. The only interest analyst have is in seeing stocks traded because that is how they make thier money. The large majority of them could care less if one loses just as long as they make thier commissions on the sale of the stock.

And , you can't compare the money we spend as a nation on war! But, if you have to go there, I would say our ROI for WW2 was more than an awesome return!

As a retired investment banker for ML, I know how the game is played. I assure you they will not float the stock at once as you said. However, it does not mean they will not sell it over the next year or so.

Question: Why do you want them to fail at this so bad? So far their batting average with this is good. Why do you want them to lose? Do you want the country to lose? Do you want them to lose so we can elect another idiot that says they are going to fix things?

[ducknwork]

This is not June this is Oct. Things Change.

The article was from late August, just barely a month ago. I did not notice that before you mentioned it. All I did was google "fed loans aig money" and clicked the second result. The first was AIG's website and I was looking for a news site.

Please post a link to what you are referring to in the opening post of this thread, as I would be interested in reading more up to date info.

[ducknwork]

But having said all this, our government has a history of passing out money and never getting any of it back. Think about our 2 wars. Is any of that money coming back? So even if we don't recoup everything, this is administration has made a real effort at getting your money back and paying for what they have implemented. You may not like the taxes, but at least they are paying their way, unlike the right that spends and cuts taxes and them blames the democrats for raising your taxes.

We don't get much, if anything, back from a lot of the 'lefties' favorite causes either. I don't want to hijack the thread as you attempted to with you last paragraph unnecessary attack, so I won't compile a list here as it would be quite extensive.

Now that you admit that the used my money and may possibly make a profit, why aren't we receiving dividend checks? If the govt owns stock in the company (which they do, in addition to the loan) and the stock makes profit, why don't the people who provided the govt with money to loan get any of the profit? What is going to happen to that money?

Oh, and don't forget-there were a lot of people in congress from your side of the aisle that voted to go to war also, so don't make it a Bush vs. Obama thing, as it certainly is not.

[Buzz]

Now that you admit that the used my money and may possibly make a profit, why aren't we receiving dividend checks? If the govt owns stock in the company (which they do, in addition to the loan) and the stock makes profit, why don't the people who provided the govt with money to loan get any of the profit? What is going to happen to that money?

I can't quite figure out where you're coming from on this. Do you think it's going into someone's pocket? The government, as they have been for a long time, is borrowing money to fund a large fraction of it's spending. Would you prefer that they send us each our share of the profit, then go out and borrow money to make up for it?

[Franco]

Question: Why do you want them to fail at this so bad? So far their batting average with this is good. Why do you want them to lose? Do you want the country to lose? Do you want them to lose so we can elect another idiot that says they are going to fix things?

As a tax payer, I want my money back! The government had no business bailing them out. It is a big "if" whether we get our money back but above that, it was plain anti-American to do it. Rewarding failure is not what this country should stand for all the while the crooks that sold them the toxic securities got away as well as the morons at AIG that invested in the crap from Goldman Sachs.

Same for Gooberment Motors. Between labor and mangement, they didn't deserve to get a bailout and we may never see our money back! All the while Ford has to compete against the government.

Yes I agree, the idiot we have now is making the financial situation worse.

[ducknwork]

I can't quite figure out where you're coming from on this. Do you think it's going into someone's pocket? The government, as they have been for a long time, is borrowing money to fund a large fraction of it's spending. Would you prefer that they send us each our share of the profit, then go out and borrow money to make up for it?

If I asked you to borrow $100 from you to go to the casino to fund my gambling habit, would you let me borrow it? Probably not.

Let's say you didn't have a choice. I borrowed $100 from you without asking, went to Harrah's, came out with $1000 in my pocket and paid you back your original $100. Don't you think that you should get a little more than your original investment back since I made so much profit off of your money without asking? Maybe I should at least buy you lunch for you kindness!

[road kill]

As a retired investment banker for ML, I know how the game is played. I assure you they will not float the stock at once as you said. However, it does not mean they will not sell it over the next year or so.

Question: Why do you want them to fail at this so bad? So far their batting average with this is good. Why do you want them to lose? Do you want the country to lose? Do you want them to lose so we can elect another idiot that says they are going to fix things?

You lament the seperation of church and state.

I beleive in the seperation of business and state.


RK

[menmon]

You lament the seperation of church and state.

I beleive in the seperation of business and state.


RK

I don't like it either. But I like it better than had they not bailed them out. I assure you the government did not go looking for this, and I assure you they don't like rewarding these crooks. They did this to keep it from hurting americans. It's real easy to armchair quarterback this, now that we are not all in a soup line.

Sam is back to the 2nd at MO River

[Buzz]

Sam is back to the 2nd at MO River

Raven didn't pick up all the birds in the 1st at Lincoln.