Not hardly. Taking a subordinating position doesn’t seem to me to help us (US) out or lessen what looks like a $100,000,000 net loss. Who get the “preferred” stock when the IPO occurs?. I am skeptical that politics is driving the decision not economics.
Tom, for once we aqree. Why give up preferred for common? Why retain any stock…why not just cash out before giving up preferred position? I think this will be a “political” decision and not serve the taxpayer well.
i hope that the fed’s do not forgive any of the money due back from AIG. if so, then the fed can forgive me of not giving them any taxes and they can refund all my money i gave to them.
Not hardly. Taking a subordinating position doesn’t seem to me to help us (US) out or lessen what looks like a $100,000,000 net loss. Who get the “preferred” stock when the IPO occurs?. I am skeptical that politics is driving the decision not economics.
As long as we get our money that was used to bail them out back as fast as possible, they can have whatever strategy they want.
That is never going to happen. Let’s see $182 Billion minus 48 Billion, hummmmmm.
Tom, for once we aqree. Why give up preferred for common? Why retain any stock…why not just cash out before giving up preferred position? I think this will be a “political” decision and not serve the taxpayer well.
i hope that the fed’s do not forgive any of the money due back from AIG. if so, then the fed can forgive me of not giving them any taxes and they can refund all my money i gave to them.