Makes sense with all those Government give aways of your tax dollars with the residents "AIG Breakup Is Fee Bonanza" Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York and American International Group Inc. to help manage and break apart the insurer, according to a Wall Street Journal analysis.
That would represent one of Wall Street's biggest paydays -- four times the fees paid to break up AT&T Corp. in 1996, and nearly double those paid for Visa USA's 2008 initial public offering, the largest U.S. IPO ever.
They know they will make a killing off of YOU!
The stock maket edged lower on Thursday but some major financial names remained as bright spots, limiting the declines in major indexes. American International Group, whose shares surged 60% Wednesday, was up by another 11.8%.
Watch Streaming Broadcast Live:
Share this page with your friends
on your favorite social network:
Loading...
