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369 Views 12 Replies 9 Participants Last post by  Che
AIG is about to collapse.

So what are United doing about it? If anything.
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They will sell off assets and get rid of stuff, anything, that can raise cash for them. Remember the US gov't gave them a 75 billion dollar revolving loan that has to repaid within 24 months and has interest of 8.5% plus LIBOR. That means they are screwed. Clock is ticking for them to find some cash and find it quick....

In other words if there is an opt out clause in your contract whereby AIG can save money, any money at all, they will most likely trigger it.
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