Why does the media call this a giveaway?
The Feds are loaning the money secured by warrants to keep AIG afloat...and I will go on record now as one who thinks it will work.
The ramifications of letting AIG collpase would be worse than the 85B.
It’s not a giveaway.
That 85B loan automatically gives value to the warrants.
Freddie and Fannie are more of giveaway but they were always claimed to be government backed so there was never really any other choice than to have reeled them in years ago.