Tanker Competition Cancelled

[firstthird]

The $85 billion is a loan. AIG supposedly has 1.1 trillion in assets that they will try to spin off over the next few years. Problem was, you can't spin off that much financial/insurance stuff too quickly or the market for said financial/insurance stuff tanks even more than it has.

presumably the gov't will get most of their 85 billion back, maybe at a good return.

there will be a tanker. the air force needs to to the next bid correctly, asking for what they want and not changing the bid mid-stream to favor one or the other contractor (i.e. deciding that bigger is better after boeing had already committed to a 767 and airbus to an A330)

I feel your pain flying old equipment. P-3s date from mid 60s to early 80s and get/got used pretty hard (sea level bases, low over water flying = big time corrosion problems) not to mention complex turbo-prop assemblies with way more moving parts and potential problems than a typical jet or turbofan.

 

[ableone]

The $85 Billion Dollar AIG loan is not as big a deal as I first thought.

Now that the Government is going to be bailing out the whole financial industry to the tune of $800 Billion to $1.3 Trillion Dollars that AIG loan is pocket change.

Add that $1.3 Trillion (The entire US economy is only $13 Trillion by the way) to the off the books cost of the war and it is easy to see that the tanker is going to slip in importance.

Where or where are all these dollars going to come from?