Wednesday, June 20, 2012

And There's More .....

The FRBNY announced more sales on June 18th.

It now seems likely that AIG will receive at least their $5 billion principal investment and $600 million interest by early july.

The current pace of sales, if it continues, will work through the remaining securities in a matter of weeks. 

My current guess is that AIG will have $7 billion in cash available for an early July purchase of Treasury shares. 

1 comment:

Ron Taylor said...

We are really making some progress and at quite a clip.
Next week should be very good for us. Cheers