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| | |-+  AIG now mostly private company again, taxpayers have made money
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Author Topic: AIG now mostly private company again, taxpayers have made money  (Read 204 times)
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« on: September 10, 2012, 09:15:47 pm »

The U.S. Treasury said late Monday that an offer of 553.8 million shares of American Insurance Group Inc. AIG-2.03% was priced at $32.50 a share, raising $18 billion. The Treasury and the Federal Reserve's combined $182 billion original commitment to stabilize AIG during the recent financial crisis is now fully recovered, the Treasury said. A total of $194.7 billion has been recovered to date, representing a positive return of $12.4 billion from its original commitment, the Treasury said. Following the share sale, the U.S. Treasury holds around 317.2 million AIG shares, or 21.5%, down from 53.4% held before the offer.


How many people could have thought this would be possible four years ago...

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