It has been reported on CNBC that the federal government, for $85 billion has bought a 80% position in AIG. That makes every take payer an owner of AIG shares.
If AIG is savable the Fed has made good deal. I think they started with $800 billion dollars before Fannie and Freddie. So they are down to $320 billion.
It is all to avert the domino affect of this crisis.
Maybe, it will be a good investment. So walk proud, you own a piece of a blue chip (once anyway) company.
Let us hope Uncle Sam has a good investment adviser.
I said in my blog this morning, the government would not let AIG fail, they are too big and they must stop the run on these companies.
Would you like to buy, sell or hold your shares?
Richard
view my new homes
oh, buy the way oil made it to .55 cents short of yesterday's $90.00 target to cover shorts on short term basis.
What next?
The jury is still out on this one for me. Let's HOPE! GBU!
I love the lower oil prices.
Robert :
We all do, and now we need the oil money back to liquefy our markets.
Richard