Liddy: AIG to Raise Enough to Repay Government Loan
Edward Liddy, chief executive officer of American International Group Inc., talks about the $150 billion government rescue package for AIG, the company’s potential to repay this loan, and some of transaction’s terms.
click for video
00:00 Reasons to renegotiate AIG’s bailout package
01:15 “We could continue to suffer losses.”
01:55 Taxpayers impact; guarantee “a big word”
03:19 “Potential” for taxpayer full compensation
04:09 Revenue from asset sale; AIG’s strength
05:25 Terms of securities lending program
07:20 Fed’s role in CDOs; “numbers are reliable.”
08:36 Bloomberg News’s lawsuit for disclosure
Running time 09:59
>
Source:
Liddy Says AIG to Raise Enough to Repay Government Loan: Video
Allan Dodds Frank
Bloomberg, November 10, 2008 12:06 EST
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7lxzxkbq8gw
November 10th, 2008 at 1:11 pm
Yeah, that’s the ticket! We’ll repay all the money later!
November 10th, 2008 at 1:33 pm
and who exactly are they going to raise this money from???
November 10th, 2008 at 1:35 pm
I know!! Sell the building and all the artwork in the executive offices immediately before it disappears.
November 10th, 2008 at 2:14 pm
why would anyone listen to the douchebags anymore? they lied repeatedly and now we are all stuck with the bill. absurd.