Details from the FED about AIG Loan

Discussion in 'Wall St. News' started by wareco, Sep 16, 2008.

  1. Interest on outstanding balance is 3-month Libor + 850 basis points. Damn thats around 11.3%. That will be nice, if the gov't ever sees it.
  2. syrre


    Thank you.
  3. trendy


    Thanks for the link
  4. I wonder if its fixed or an adjustable-rate Fed loan. We all know the problems caused by the latter. :D
  5. I don't know if its adjustable, but is there any doubt about it being a liar loan? :p
  6. ^ True. So what happens when they have used up the entire $85 billion... Can AIG apply for a second Fed loan at up to 125% equity? :D
  7. FGBS


    Looks like the Japanese stock is closed. Which pre-market ecn or exchange opens it up first? Any info would be much appreciated. I say it opens around the same and swings between 1$-3$ until NY opens.
  8. if that is the case- lets sell " aig" on any rallies