AIG may get hung if Chrsler defaults

Gotta love it! Been reading the latest spin about how Chrysler may go chapter 7 liquidation any day. Then I run into this which says AIG may get stuck as the mutual funds holding the Chrysler bonds will not take the Treasury bail out offer of converting Chrysler bonds to stock as the bonds are insured, insured by AIG by the way, by AIG if Chrysler defaults, which is now insured by the US Treasury, which is insured by us the tax payers, who own the mutual fund retirement accounts (some of us do anyway)!

The poker game is alive and well!

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=183992&t=01006947735721269390#commentsForm