AIG’s Non-Bailout and Nick the Knife

By Paul Kedrosky · September 17, 2008 · ·

Great quote tonight on CNBC from Dennis Gartman on the AIG non-bailout:

… I’m amused that everyone is calling it a bailout. I’m sorry but AIG is borrowing money at close to 12%. You can borrow money from Nick the Knife for less that that!

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