Blodget on the new AIG deal:
We're throwing another $30 billion into the black hole.
AIG is abandoning its plan to pay us back and is instead giving us equity stakes in two businesses it has been unable to sell.
No details yet on the imputed value placed on those unsaleable businesses, but safe to assume it's astronomical.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.