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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (40038)	10/24/2008 12:54:18 PM
From: ChinuSFO	2 Recommendations Read Replies (1) \| Respond to of 149317

Hi another Joe :) (not Joe the Plumber, not Joe Biden but Little Joe) Palin is not liked by some conservatives too such as Colin Powell, George Will, Buckley, Hagel and probably Lugar etc. Palin is surely no where near the same category as Hillary who has had the experience of heading a law firm, First Lady and distinguished Senator. Palin is the former Mayor of a little known town of Wasilla and one who won the Governorship not on her own merits but on the demerits of her predecessor. I think I have said enough on this issue and you could have the last word on this issue if you would like to. But I found the question you raised on this issue as something worthy of fruitful exchange which I think we all have had.

To: Little Joe who wrote (40038)	2/28/2009 8:20:09 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

What strings are AIG pulling in DC? ======================================== AIG near deal on bailout terms NEW YORK - AMERICAN International Group Inc is close to a deal with the US government that would ease the terms of its bailout, provide a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday. The board of the troubled insurer is due to meet on Sunday to vote on the deal, which could be announced when AIG reports its quarterly results on Monday, the source said. The revised agreement is expected to include an additional US$30 billion (S$45 billion) equity commitment from the government, more lenient terms on an existing preferred investment, and a lower interest rate on an existing US$60 billion government credit line, the source said. The new equity commitment would give AIG the ability to issue preferred stock to the government at a later date, the source said. The London Interbank Offered Rate floor on the interest rate AIG pays on the government's credit line is expected to be removed under the new terms, which would save the insurer about US$1 billion a year, the source said. The company currently pays 3 percentage points above Libor. AIG will also give the Federal Reserve ownership interests in American Life Insurance (Alico), which generates more than half of its revenue from Japan, and Hong Kong-based life insurance group American International Assurance Co (AIA) in return for reducing its debt, the source said. AIG may also securitise some US life insurance policies and give them to the government to further reduce its debt, the source said. The new deal would come as the insurer struggles to sell assets amid the financial crisis and prepares to post the largest quarterly loss in corporate history. AIG, once the world's largest insurer, is expected to post a roughly US$60 billion fourth-quarter loss on Monday, produced in large part by write-downs on certain tax assets and commercial mortgage backed securities, the source said. The loss works out to about US$460,000 per minute. AIG declined to comment. -- THOMSON REUTERS straitstimes.com