According to the WSJ this morning, the original $123 billion bailout is being scrapped and replaced by a $150 billion package. This consists of:
$40 billion in preferred stock investment
$50 billion in capital in order to backstop distressed assets, and
$60 billion in a loan (with better terms than previously for AIG)
In theory, the revised plan should increase the likelihood that AIG be able to sell its assets as reasonable prices so that taxpayers may recoup these dollars.
This better fucking work.