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dogpatch Donating Member (660 posts) Send PM | Profile | Ignore Thu Sep-18-08 10:03 AM
Original message
Bailout terms?
So are there any terms being placed on these bailouts? Do the CEO and board of AIG get to keep whatever huge compensation packages I'm sure they have, or do they walk away from the wreckage loaded like Carly Fiorina, and leave us holding an empty bag?
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 11:54 AM
Response to Original message
1. That seems to be the Republicon plan.
Don't believe it's gonna fly, but nothing surprises me anymore.
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 11:56 AM
Response to Original message
2. IIRC the terms were
that the $85b would be available as a loan at 11.43% interest...don't know about the CEOs and Board Members...

sP
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Egalitariat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 12:21 PM
Response to Reply #2
4. And US taxpayers now own 79.9% of the equity in the company****
nm
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 12:24 PM
Response to Reply #4
5. when do i get my dividend check??? n/t
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Egalitariat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 09:49 AM
Response to Reply #5
6. My hunch is there won't be any dividends for awhile***
nm
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 11:58 AM
Response to Original message
3. The new CEO appointed by Paulson, Ed Liddy (no relation to G. Gordon) and ousted
Robert Willumstad , now about how much he gets---i don't know but i think AIG will be sold off in parts and most likely ask the government for an extension on the 2 year pay back time.
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