[Feffman]

Our firm (we've taken no TARP money and are sitting on a significant pile of cash) made a bid for AIG's American investment and insurance operations several months ago. We were outbid by a firm that took TARP money so we walked away from the potential purchase (CEO said we couldn't outbid the US Government). A week or two later the firm that outbid us also walked away for their bid and shortly thereafter, AIG went back to the Fed's for about $32 Billion more in assitance. My favorite TARP story.

Feff