AIG CEO: The American taxpayer will get paid back at a profit

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The American International Group has begun talks with the federal government over how to finish repaying its $130 billion taxpayer-financed bailout, its chief executive said on Friday.

...

“We’ll make sure taxpayers get paid back in full, and they will,” the executive, Robert H. Benmosche, said in an interview on Friday, as the company reported financial results that seemed to signal progress toward the repayment goal. “They’ll get paid back at a profit.”

...

Once the debt is paid off, Mr. Benmosche said, the company can hold serious negotiations with the Treasury Department about the government’s shedding of its nearly 80 percent stake in A.I.G. One option is to convert the government’s preferred shares into common stock that can be sold off over time, as is happening with Citigroup.

http://dealbook.blogs.nytimes.com/2010/08/09/a-i-g-in-talks-to-pay-u-s-debt-chief-says/

[Mr. Big Dog 10,747]

AIG CEO: The American taxpayer will get paid back at a profit

In related news:

BP & US Gov't: 75% of all the oil which poured into the Gulf of Mexico either collected or somehow dispersed

Yeah, right.

[peejay 327]

In related news:

Yeah, right.

Have ye no faith in Obummer?

R u saying he sux at the high powered world of bizness negotiation?

And I though he was the messiah. And Opra said he was "The One".

I'm disappointed.