Quote:

Oh, and guess who is a beneficiary of the AIG bailout, with holdings in the $1.5 - 2.1 Million range:




Makes a good story, but the biggest lawmaker/investor was a republican:

Quote:

Representative Robin Hayes, a North Carolina Republican, led the way with between $1.8 million and $6.6 million of stock. Senator John Kerry, a Massachusetts Democrat, was the only other lawmaker with at least $1 million, reporting holdings valued at from $1.5 million to $2.1 million. House Speaker Nancy Pelosi, a California Democrat, reported owning between $250,000 and $500,000.

Source

Besides, it's not much of a bailout, as far as shareholders are concerned since the gov't is getting 11% interest on the loan and warrants equal to about 80% of the stock.

By my rough and ready calculations (Willie, Burg or James please correct my math), the price of AIG fell from about $22 TWO WEEKS AGO to $2.05 today (it was at $70 a year ago).

Assuming that Kerry's interest in AIG was valued on Aug 31, 2008 his $1.5-2.1 million investment is worth between $136,500 and $191,000 dollars today. If the valuation was taken a year ago, his interest today would be between $40,000 and $60,000.

If the Feds exercise their warrants, then the resulting dilution of the stock would collapse his position (at present stock prices) to a value of less than $20,000.

The people who 'win' as a result of the 'bailout' are not the shareholders, they are the individual investors with money market fund investments that would have been wiped out by AIG's collapse.

Was that the point you were trying to make?
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