US Treasury announces final AIG stock sale
US Treasury announces sale of remaining AIG stock held by government
By Martin Crutsinger, AP Economics Writer | Associated Press – 2 hrs 36 mins ago
WASHINGTON (AP) -- The U.S. government said Monday that it is selling its remaining shares of American International Group stock, moving to close the books on the government's biggest bailout during the 2008 financial crisis.
Treasury said it had begun a sale of 234.2 million shares of common stock in a public offering.
Treasury has already recovered more on its AIG investment that the original $182.3 billion bailout. It was the largest government bailout package, including both loans and federal guarantees.
As of September, Treasury and the Federal Reserve had received $197.4 billion.
Monday, December 10, 2012
In strictly financial terms as opposed to moral terms, the Treasury's bailout of AIG was a smashing success:
Posted by Steve J. at 6:16 PM