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AIG Bailout Email
keenan
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Indiana, United States
Member Since: October 16, 2002
entire network: 5,272 Posts
KitMaker Network: 2,192 Posts
Posted: Friday, September 26, 2008 - 06:23 AM UTC
For those of you who received 20 copies "Better Bail Out" email like I have: Someone cheese weaseled the math.
85 billion divided by 200 million is actually only $425, not 425, 000.
You may now carry on with your regularly scheduled internet.

Shaun

AJLaFleche
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Massachusetts, United States
Member Since: May 05, 2002
entire network: 8,074 Posts
KitMaker Network: 2,574 Posts
Posted: Friday, September 26, 2008 - 07:44 AM UTC
Even if the math were correct if the recepients got the same deal as AIG they would have a line of credit on which they would have had to pay 8.25% on the amount NOT being used and some other amount based on something called a 3 month LIDOR PLUS 8.5% on any amount used up. The only logical move would be to immediately give ALL the money back and hope Tony Soprano doesn't come by to collect the vig!
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