“it was disclosed that AIG is willing to pay $15.7 billion for the same toxic securities”
Really?! Where is AIG getting the $15.7B to buy them back? Maybe from the proceeds of the new book entitled the “Audacity of Bankruptcy”?
Something smells really bad.
Really?! Where is AIG getting the $15.7B to buy them back?
Certainly the first question I would ask, after I find out what serious money they hope to make on the deal and how.
IOW who is really getting screwed by this “deal”.