Welcome, Guest. Please login or register.
Did you miss your activation email?
October 21, 2017, 09:18:17 am
HomePredMockPollEVCalcAFEWIKIHelpLogin Register
News: Please delete your old personal messages.

+  Atlas Forum
|-+  General Politics
| |-+  Economics (Moderator: Torie)
| | |-+  AIG now mostly private company again, taxpayers have made money
« previous next »
Pages: [1] Print
Author Topic: AIG now mostly private company again, taxpayers have made money  (Read 278 times)
YaBB God
Posts: 21455

View Profile
« 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...

"Clinton failed, Bush failed, and Obama failed [to start a nuclear war]. I won't fail." - Donald J. Trump
Pages: [1] Print 
« previous next »
Jump to:  

Login with username, password and session length


Powered by SMF 1.1.21 | SMF © 2015, Simple Machines