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|-+  General Politics
| |-+  Economics (Moderator: ag)
| | |-+  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 208 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...

Hillary's awesome work for America's future
"I feel like Paulette Revere the recession is coming, the recession is coming! - Hillary Clinton, April 3, 2008
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