
Looks like today's week is going to start off with a bang and I have a few horses in this race with regards to the AIG restructure and Chinese stimulus plan. I have shares within both AIG and FXI.
AIG has its hand out for more money because $85 billion just won't cut it. They are now seeking up to $123 billion. So the question going forward....If you can't make headway with $85 billion what is wrong with you? It seems as if the main street taxpayer was duped because the initial terms given to AIG benefitted the U.S. government. However, they now have 5 years to repay the debt at a lower interest rate. I am all for big business, but not when it is run as poorly as AIG. Next in line is the U.S. automaker....oh this should be fun. When will this craziness ever stop?
FXI is up a few points in the pre-market and I am hoping it continues as the stimulus plan gets digested by the rest of the world.
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