[Tublecane]

“this may not be the usual ‘costing the taxpayers’ mantra we are used to”

Of course this’ll cost the taxpayers. Where does the Fed get its money? Inflation, i.e. counterfeiting.

[scooby321]

Its a Good buy.

[Bogeygolfer]

“this may not be the usual ‘costing the taxpayers’ mantra we are used to”

“Of course this’ll cost the taxpayers. Where does the Fed get its money? Inflation, i.e. counterfeiting.”

If AIG fails then yes the taxpayers will be on the hook. If AIG succeeds as I expect them to, then the taxpayers get their 80B back plus interest plus an 80% equity stake in AIG. On the other hand we don’t know the details.