2 year loan, at Libor pluss 8% That is 11.5%.
HOW DO I GET 12%.
Of course if the derivatives are 300 billion, and this 100 billion, and if there are 1 trillion in assets...
AIG becomes half the company they were.
I wish they would just puke up the CDO's If they were a trader, these CDO's are the worst nightmair of sliding down the slope of hope...... "They have value"....... Yes, enough value to destroy your company.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, September 17, 2008
AIG Paulson tries to make tresury Profitable
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