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Liddy: AIG to Raise Enough to Repay Government Loan

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By Barry Ritholtz - November 10th, 2008, 12:40PM

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

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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

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Category: Bailouts, Corporate Management, Derivatives, Video.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “Liddy: AIG to Raise Enough to Repay Government Loan”

  1. KJ Foehr Says:
    November 10th, 2008 at 1:11 pm

    Yeah, that’s the ticket! We’ll repay all the money later!

  2. leftback Says:
    November 10th, 2008 at 1:33 pm

    and who exactly are they going to raise this money from???

  3. leftback Says:
    November 10th, 2008 at 1:35 pm

    I know!! Sell the building and all the artwork in the executive offices immediately before it disappears.

  4. the0ther Says:
    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.

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