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
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.
Bruce Bostwick [EMAIL PROTECTED]
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.)
It is ironic, but
On Thu, 25 Sep 2008, 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
On Thu, 25 Sep 2008, John Williams wrote:
Bruce Bostwick [EMAIL PROTECTED]
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
Julia Thompson [EMAIL PROTECTED]
I was wanting a Trix are for kids!-type line right after that.
That was what I was thinking too, but inspiration did not strike. The
whole subject just makes me too sad. WSJ did a poll the other day
and more than 75% of the respondents thought the bailout was
I thought that some might find this transcript interesting.
Paul Krugman and Allan Meltzer actually agree on something!
http://tinyurl.com/4s9tgj
john
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John Garcia [EMAIL PROTECTED]
I thought that some might find this transcript interesting.
Paul Krugman and Allan Meltzer actually agree on something!
http://tinyurl.com/4s9tgj
Thanks for the link! That was an interesting interview. I think
Meltzer made a good point here:
ALLAN MELTZER:
