Yesss, the President CAN stop AIG. Here's how

[bertman]

http://www.huffingtonpost.com/william-black-tom-ferguson-rob-johnson-walker-todd/how-to-stop-aigs-bonuses_b_175351.html

Now, the question becomes "why didn't Geithner and Summers do their homework before this shit went down?" I know what I think, but I'll let you expound on this.

[PBS Poll-435]

1. Side note, AIG Stock up 66% in one day.

http://www.google.com/url?q=/finance%3Fclient%3Dob%26q%3DNYSE:AIG&ei=crC-SZC_FoW0NKWphLYI&sa=X&oi=stock&ct=provider&cd=1&usg=AFQjCNHZUJJUelqzDWLhIeTwWhPxu_wHtA

[Bolo Boffin]

2. The first problem is this -- has the Treasury converted the preferred convertible stock to common

equity yet? That 79.9% ownership is actually in a trust and is preferred convertible stock. So we do not technically own AIG yet, but the Treasury can convert the stock and assume ownership.

[AndyA]

3. Sounds like a good idea.

This should be sent to President Obama. :thumbsup:

[Gin]

5. I wondered what 80% ownership means to the taxpayers...as of now...

not much... but a generous benefactor... always there with a hand out!

Obama should read this. Tim and Larry don't want to rock their old boat (IMO)

[greenkal]

4. He obviously doesn't want to stop AIG...

because he hasn't done it yet! I say you're wrong about AIG because the man with more information than you that is much smarter than you hasn't done anything.

[CTyankee]

6. Hmm, why do you think that is? n/t