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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (417362)9/16/2008 7:29:07 AM
From: michael97123  Read Replies (3) | Respond to of 1579792
 
Given that AIG wont be allowed to fail, AIG at $2.75 (premarket) is the buy of the century. Who has the balls though to step up to the plate after what happened to Lehman (17 cents)?



To: Road Walker who wrote (417362)9/16/2008 12:13:03 PM
From: tejek  Respond to of 1579792
 
While Gov. David A. Paterson of New York on Monday allowed A.I.G. to borrow $20 billion from its subsidiaries, that move will only postpone the day of reckoning. The Federal Reserve was also trying to arrange at least $70 billion in loans from investment banks, but it’s hard to see how Wall Street could come up with that much money.

Actually, NY's governor said that AIG could access that $20 billion only if they get the bridge loan.


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