zaterdag 9 oktober 2010

It's payback time! Realistic or way too optimistic?


Within two years, AIG will be privately owned again, at least that’s what they predetermined in a plan they set up with their rescuers. Due to the credit crunch and the big financial risks they took, AIG had to borrow more than 120 billion dollars, a debt AIG wants to pay off as soon as possible. The plan consists of three main steps, which are: a 20 billion dollar repayment to the Fed, an interest refund on the Fed loan and a 12% stake increase (from 80% to 92%) by the Treasury. Time will show whether the sceptics (who estimate 5 to 10 years for the execution of the plan) or whether AIG will prove their right… (The Economist)

Mathias Goeminne

1 opmerking:

  1. full stop after 'again'
    drop the second 'whether' in the final sentence
    extra context needed: who is AIG?
    L 1, F 2, C 1

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