tag:blogger.com,1999:blog-8957911.post8446454758117114386..comments2024-03-27T21:41:50.122-07:00Comments on Iron Tongue of Midnight: A Useful SummaryLisa Hirschhttp://www.blogger.com/profile/14014924958428072675noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8957911.post-78848967468755840042008-09-23T19:24:00.000-07:002008-09-23T19:24:00.000-07:00The $85 billion to AIG is a loan, I believe, and a...The $85 billion to AIG is a loan, I believe, and a done deal. The option to buy means we might get the money back when the liquidity crisis and rest of this mess clear up OR we might just take that 80% stake.<BR/><BR/>The $700 billion being proposed for the rest of the bailout is completely separate from the AIG loan. It will be used, theoretically, to buy up bad debt outright. As you say, there are no strings attached and it gives way too much money and power to Henry Paulson.Lisa Hirschhttps://www.blogger.com/profile/14014924958428072675noreply@blogger.comtag:blogger.com,1999:blog-8957911.post-14283219128759364562008-09-23T15:50:00.000-07:002008-09-23T15:50:00.000-07:00I don't see why the option instead of the outright...I don't see why the option instead of the outright buy makes a difference. Isn't the bill to hand this gigantic sum over to Paulson to do whatever he considers necessary, with no oversight? Why should it matter that he's not being forced into the buy?Anonymousnoreply@blogger.com