AIG: You’ve Got To Be Kidding

Posted: June 25, 2009 in Technology and Business
Wow, back-to-back you’ve got to be kidding days.
 
 
Who is AIG trying to fool?  Don’t we already own 80% of AIG (we do)… and therefore, don’t we already own 80% of whatever it is they are spinning out?
 
Why the hell are we paying $25 billion for something we already have?
 
I hope I have this wrong… but AIG is starting to look more like a real bailout than an investment of last resorts.  That would be bad.
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