Today's Outrage: AIG, MetLife Contradict Obama
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.- Loading Comments...
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