AIG (AIG): Recycling Debt Without Paying Anyone Back
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From 247wallst.com
AIG (NYSE: AIG) is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury. If AIG defaults, the federal government gets the bag. That is the great part of the bailout. The capital supplied from the Fed and Treasury works on a merry-go-round.
Read More At 247wallst.com >>>>
AIG (NYSE: AIG) is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury. If AIG defaults, the federal government gets the bag. That is the great part of the bailout. The capital supplied from the Fed and Treasury works on a merry-go-round.
Read More At 247wallst.com >>>>
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