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Originally Posted by John Doe
dculkin, in the interest of honest journalism, do you consider an $85B 2 year balloon note at 11% interest a bailout? Would there be a better term, that would more accurately describe the transaction, that didn't reflect your opinion?
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He's no journalist, just a poster. I'm really hesitant to start counting on that interest. I'm also somewhat expectant that if they don't pay back in the 2 year time frame, a renegotiation is probably what will happen. It's pure speculation, but we do have some bailout type precedents set.
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Also, did you keep up with the asset sale AIG effected Thursday and Friday of last week?
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No, what happened? Any executive perks sold, like the jet?