Government gets 80% stake in AIG?

Does anyone really believe the US Government has 80% ownership in AIG?

Can we please see proof of ownership?

I guess the proof of ownership is all the Re-Insurance commitments to over 40 states nationwide?

The "guvment" was already a stakeholder by promising to tax your productivity to back stop commitments made in the private sector by AIG.

Examples recently discussed, but not documented here:

Workmans' Compensation
Variable Annuities Returns

Is $85 Billion even enough?
Where will that and the next $85 Billion come from?

This is central planning at its best, especially if you want to globalize an economy.

http://www.news-press.com/apps/pbcs.dll/article?AID=/20080916/BUSINESS/8...

"9:07 p.m. update

WASHINGTON -- In a bid to save financial markets and economy from further turmoil, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG. The Federal Reserve said in a statement it determined that a disorderly failure of AIG could hurt the already delicate financial markets and the economy.

It also could "lead to substantially higher borrowing costs, reduced household wealth and materially weaker economic performance," the Fed said.

"The President supports the agreement announced this evening by the Federal Reserve," said White House spokesman Tony Fratto. "These steps are taken in the interest of promoting stability in financial markets and limiting damage to the broader economy."

Treasury Secretary Henry Paulson said the administration was working closely with the Fed, the Securities and Exchange Commission and other government regulators to "enhance the stability and orderliness of our financial markets and minimize the disruption to our economy."

"I support the steps taken by the Federal Reserve tonight to assist AIG in continuing to meet its obligations, mitigate broader disruptions and at the same time protect taxpayers," Paulson said in a statement.

The Fed said in return for the loan, the government will receive a 79.9 percent equity stake in AIG."