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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on June 06, 2010, 11:36:16 PM
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NEW YORK (CNNMoney.com) -- Taxpayers have lent AIG $132.6 billion, but getting that money back is looking less likely.
The sale of AIG's Asian life insurance unit for more than $35 billion would have helped a lot, but the deal went bust this week when the buyer, Prudential PLC, sought a lower price.
Now the troubled insurer is essentially back to square one with its repayment strategy -- though AIG Chief Executive Robert Benmosche remains upbeat about the options regarding AIA, and maintains that AIG will pay back its loans in full.
Currently, AIG has no precise plan to repay the Treasury. The company said it planned on paying back the New York Fed first, then repay its remaining loans with profits.
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Wow, we never could see this one coming. ::) ::) ::) ::)
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Probably will be paid back LONG before GM pays their stuff back...oh wait,Obama will just forgive their debt.
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Probably will be paid back LONG before GM pays their stuff back...oh wait,Obama will just forgive their debt.
How much you want to bet the $40 billion "loan" we just gave to Greece gets forgiven? Not like those lazy deadbeats are capable of paying it back. ::)