AIG insisting as "GUARANTOR" to US Fed?

Could this be another amazing moment in “financial-manipulation” history, the firm “AIG” bailed-out by the US TAXPAYER, now insisting to become Guarantor to US Fed of NO-LOSS deal/transaction, when stating “AIG CEO sees ‘no chance’ of loss on bailout“, where one of the offer to US FED is its own stocks, is it like “The best way to ROB a BANK is to become BANKER”?

AIG got its hands burned with SWAP Derivatives or high risk speculation in financial markets and called its demise due to its ‘insatious greed‘ by 15 Sep 2008, when AIG stock plummeted by 50%.

AIG is now offering US with its own stock [current value around ~38 US$] as collateral and increase the Treasury’s stake in AIG from nearly 80 percent to 92.1 percent. This stake would be sold off over time in the open market.

To alleviate concern about the government flooding the market with new shares of AIG, the insurer said it will also issue 75 million warrants to current common shareholders that will allow them to buy new stock for $45 a share. Therefore again the general public/taxpayer/MF would bear the loss.

Now things get murkier here, to begin with back in 2005, AIG was accused/prosecuted of manipulating its own STOCK by doctoring its books.

In order to save many of AIG top CEOs and CIOs of other regions of this scandal, they collectively blamed CEO Maurice R. “Hank” Greenberg and ousted him out of AIG stating Mr. Hank Greenberg was only responsible for AIG’s demise amid an accounting scandal in February 2005.

However, AIG only did an cover-up act and still could not figure out oust the other hidden main players holding top-level positions still favoring high-end speculative gamble of “TAXPAYERS MONEY“.

Read this news: www.marketwatch.com/story/aig-ceo-sees-no-chance-of-bailout-loss-2010-09-30

So is it true “The best way to rob a bank is to become banker” or join the safety of the GANG?