Quote:
Originally Posted by MikeWaters
the ones that the fed asked to buy AIG or float them. The idea that this was a great business deal with little downside , but that the companies couldn't get the cash to take advantage of it is patently false (and stupid).
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The government asked multiple companies to collectively float the $80 billion, knowing that none of them could do it individually. As I understand it, negotiations broke down when the companies couldn't resolve how AIG would be split up following the float. The government, as the sole provider, didn't have to worry about that.