Dave wrote:
On Wed, 11 Feb 2009 23:08:15 -0500, Marty said:

I don't think so, they are loans, with interest, which means you, the
taxpayer gets some of the profit. You now own, through your government
80% of AIG,,, the Government is now beginning to dictate to banks, loan
companies and vehicle manufactures terms of operation,,,, yup, they are
in effect nationalized.

You also have to consider the equity piece the guvmint is taking, including
the convertible preferred stock and warrants. The real issue is not the loan
provisions, but what the guvmint will do with the equity. If they were to
spin it out to taxpayers pro rata it would be one thing. If there were to
hold onto it longer term it would be different.

Now I know the proverbial excrement has truly hit the fan, that's twice
in less than than seven days that Dave and I agree on something.... gn

Cheers
Martin