On 25/09/2008, at 10:37 PM, Bruce Bostwick wrote: > On Sep 24, 2008, at 9:03 PM, John Williams wrote: > >> We had AIG turn down three offers to buy the company because they >> thought they would get a better deal from the government. It turned >> out they didn't get the better deal from the government. Now the >> stockholders suddenly woke up and said -- the major stockholders >> said, "We'd like to buy the company." > > Except they're not major stockholders anymore. Private ownership is > onlt 20% of AIG's stock now, the Fed owns 80% and thus can veto any > shareholder buyout if it wants to. (Unless that changed in the past > few days and I missed it.)
Yes. The irony of the party of small government effectively nationalising a company has not escaped me. Charlie. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
