Today's Outrage: AIG, MetLife Contradict Obama

Stock quotes in this article: AIG , MET  

This also may be an acknowledgement that the previously discussed plan for an IPO may not bring in much cash either - how much will investors be willing to pay in the current depressed market for a unit of the most disgraced insurer on the planet?

One conclusion is that the contradiction between political policy and the government's actions reveals how urgently the administration would like to start seeing AIG repay some of the $80 billion in taxpayer loans.

That's actually the most legitimate of the government's motives.

Frankly, the whole business of rewriting the rules of capitalism and law of free markets seems like overkill.

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Glenn Hall is the editor of TheStreet.com. Previously, he served as deputy editor and chief innovation officer at The Orange County Register and as a news manager at Bloomberg News in Frankfurt, Amsterdam and Washington, D.C. As a reporter, he covered business and financial markets, worked in both print and television in the U.S. and Europe, and conducted in-depth investigative coverage at The Journal-Gazette in Fort Wayne, Ind. His work also has been published in a variety of newspapers including The Wall Street Journal, The New York Times and International Herald Tribune. Hall received a bachelor's degree in journalism and political science from The Ohio State University and a certificate in project and program management from Boston University.

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