AIG seeks change on loan terms: report

[ShockediSay]

Source: ap/yahoo

American International Group Inc. is preparing to ask the Federal Reserve to relax rules on how bidders pay for assets as it tries to repay a $60 billion loan, according to a report in the Financial Times Wednesday.

The New York-based insurer wants to boost competition for the assets by allowing bidders to pay using a greater portion of shares, or through installments, the newspaper reported, citing people close to the situation.

Under the current plan, AIG can only sell assets to bidders paying at least 90 percent of the price in cash.

An AIG spokesman could not be reached for immediate comment.

Read more: http://biz.yahoo.com/ap/081231/aig_loan.html

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Nothing like pumping up the sale price by pumping up

debt {on the installment plan}.

DID WE LEARN ANYTHING ABOUT DEBT SINCE SEPTEMBER

OR SINCE 1929? ESPECIALLY FROM THE LIKES OF AIG

& MOE GREENBURG

[Veritas_et_Aequitas]

1. The only term I'm willing to change

is just how far my foot goes up their ass.

[NashVegas]

2. OMG, This Is Freaking Hysterical

:rofl:
:rofl:
:rofl:
:rofl:
:rofl:
:rofl:


If I were only a cartoonist ...

[Newsjock]

3. I'd like a change on *my* loan terms, too

But I'm sure the only "change" coming my way is an increase in the APR to 19.99% or 29.99% or something ridiculous like that.

[soleft]

4. It's Hank Greenberg

No one calls him Mo.