Well, the structured sell-off is supposed to leave them in a situation to break even. That said, there are whole divisions of AIG that still quite profitable. . .

. . . what I see happening is some pretty shifty dealings to grab the profitable divisions with no-bid/closed-bid contracts.

I could also see some shenanigans in ~5 years to get the government to swallow the tab on the derivatives-based liabilities. . . "No, we really didn't know that backing mortgage derivative trades had X risk. . . HONEST!"

 

These clever attempts to avoid the inevitable will only serve to prolong the slump we're in.

 

Luckily not. But it did involve staying up most of the night drinking tea with the cops and one undercover cop I had met previously did show me nude drawings of his girlfriend (drawn from his imagination and the girl sitting with clothes on he told me). Really wierd night. It all got straightened out the next day and they cut me loose.

 

Gimme a break. You mean you don't know weather you can afford something or not? Effin' low-lifes.

 

Bailouts of AIG and banks are necessary to our economy, imo. Otherwise, our economy will collapse if the whole banking system collapses.

 

The govt is going to buy back bad mortgages. After all said and done, the expected cost of bailouts and loans will set back Airgate and his fellow constituents of about $1.5 TRILLION.

What's that sound, Airgate? That's the sound of my tax money running away too.