Forum Discussion
westernrvparkow
Jun 16, 2015Explorer
rockhillmanor wrote:AIG and AGI were two unrelated companies. American International Group, AIG is a huge re-insurer who backed most insurance companies in the US. It's failure would have had huge ramifications across the country. It was bailed out by the government, paid back the money and is continuing as a profitable company today.
AffinityAIG is huge and all encompassing. Which is why the gov bailed them out. RV'ing is not and never was their mainstay. It didn't all end in 2008. Google them. GS LLC next installment note is due 2016. Will see.
""purchase any and all of its outstanding 11.50% Senior Secured Notes due 2016. Approximately $213.6 million aggregate principal amount of the Notes were validly tendered and not validly withdrawn prior to 5:00 p.m., Eastern Standard Time (EST), on November 19, 2013.""
Affinity Group, the old name for Good Sam Enterprises got no bailout from the government. It's just a company like thousands of others trying to make money for it's shareholders.
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