Archive for September, 2008

AIG, my take on it.

The Fed got 79.9% of AIG shares as collateral.  AIG has 2 years to repay any money they borrow.  The 85 billion they were promised is a lind of credit, not a one time loan.  The Fed does not want to take over AIG.  Think of it this way, if you have a mortgage the mortgage company does not want your house, they want you to repay your loan.  Same with AIG the Fed does not want AIG, they want them to repay their loan.

As for the asset AIG is going to sell off, they have 2 years to do it.  They don’t have to be sold overnight, so maybe that will be a higher price.

Also if the housing market picks back up, AIG will be in a great position.  Right now they have to write off all of their loses cause of the houseing market, if the market picks back up they get to write everything as a gain.

Posted on 17th September 2008
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Beer Goggles.

Ever wanted to see what happens when we drink too much?

Beer Goggles.

Posted on 12th September 2008
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NFL Week 1 Surprises.

Tom Brady, done for the year!  Lets see who plays next week.  I would not be surprised if Culpepper gets a call to possibly start.

The Eagles looked great, everything we clicking and they played very well against a bad team.

San Diego and Indy get their asses handed to them, are they really that bad?  Or just a bump in the road?

Next week we got Dallas vs Eagles on Monday night football.  Should be a real test for the Eagles to see if they can contend for the NFC East.

Posted on 8th September 2008
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