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Ex-CEO Greenberg Urges AIG to Renegotiate $85B Loan or Perish

National News • October 14, 2008
Its former chief executive officer, Maurice "Hank" Greenberg, says American International Group (AIG) should renegotiate the terms of the $85 billion loan it has from the federal government or it ...

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Subject: Ok, let me get this straight.....

Posted On: October 14, 2008, 2:42 pm CDT
Posted By: Kay
Comment:
Let's just say I bought a home in 2005 and I agreed to terms under a subprime, adjustable rate mortgage, the likes of which are no longer offered. Now "everyone" gets better loan terms than I do.

I can renogiate the loan?


Oh! This proposal only applies to corporations!!! Got it.

Tough sheet if AIG doesn't like the terms of the loan to which they agreed. Most of us have been in a similar situation - bought a car at 3.9% only for the manufacturer to start offering 1.9% the next week; bought a house at 6.9% and a prepay, only for the rate to be dropped to 6.2% the next week and no prepay. The fact that it's an $85B loan doesn't change the rules.

What a crock.
Subject Posted By Posted On
RE: RE: a shonda ...-well..maybe.. ? GT
Oct 20, 2008, 6:56 pm
RE: a shonda ...-well..maybe.. ? uriah heep
Oct 15, 2008, 9:36 am
sickofit
Oct 15, 2008, 8:39 am
sickofit
Oct 15, 2008, 8:12 am
RE: RE: He's he biggest stockholder! Stat Guy
Oct 15, 2008, 8:01 am
Sometimes it is wiser to listen to those with experience! Marcia Miller
Oct 15, 2008, 7:58 am
RE: Hank DR
Oct 15, 2008, 7:18 am
Hank Tired of Hank and his Kind
Oct 15, 2008, 5:28 am
Poor Management NitroG
Oct 14, 2008, 10:08 pm
RE: Ok, let me get this straight..... steve duggan
Oct 14, 2008, 8:17 pm
RE: He's he biggest stockholder! DN
Oct 14, 2008, 8:16 pm
RE: RE: RE: He's he biggest stockholder! Peon Agent
Oct 14, 2008, 7:29 pm
RE: RE: He's he biggest stockholder! stckbyr
Oct 14, 2008, 7:16 pm
RE: RE: RE: He's he biggest stockholder! Peon Agent
Oct 14, 2008, 7:14 pm
RE: RE: He's he biggest stockholder! Peon Agent
Oct 14, 2008, 6:52 pm
a shonda ...-well..maybe.. ? SCHMUEL
Oct 14, 2008, 5:18 pm
RE: RE: He's he biggest stockholder! PD
Oct 14, 2008, 4:10 pm
RE: He's he biggest stockholder! ACA
Oct 14, 2008, 4:01 pm
Ok, let me get this straight..... Kay
Oct 14, 2008, 2:42 pm
Been Had by Hank Jay
Oct 14, 2008, 1:16 pm
Ok, Perish Bruce
Oct 14, 2008, 1:08 pm
RE: RE: He's he biggest stockholder! Baxtor
Oct 14, 2008, 1:03 pm
RE: Stop Paying the Execs so much! Mario
Oct 14, 2008, 1:00 pm
Hankl's lament DJ
Oct 14, 2008, 12:58 pm
RE: Forget it Mitch
Oct 14, 2008, 12:55 pm
Stop Paying the Execs so much! Elaine
Oct 14, 2008, 12:54 pm
Let's Party Part T Tyme
Oct 14, 2008, 12:45 pm
RE: He's he biggest stockholder! matt
Oct 14, 2008, 11:43 am
He's he biggest stockholder! Donna
Oct 14, 2008, 10:50 am
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