[what's up]

The Gov't is lending money in exchange for STOCK WARRANTS to the tune of 80% of the company.

AIG will work to repay the loan quickly so the Gov't does not exercise the warrants, thereby returning the company back into private hands.

[Leisler]

AIG doesn't want to pay the rate that the market figures is worth the risk.

ding, ding,ding.

That tells us something.

But, of course, the gooberment that brought us Urban Renewal, Model Cities, Urban high rise slums, the War on Poverty and 70 trillion in just Federal obligations, can pick a winner when it sees one.

Oh goody!