Tuesday, September 11, 2012

AIG Stock Sale Repays Bailout as U.S. Government Profits $12.4 billion

American International Group Inc. (AIG) shares valued at $18 billion were sold by the U.S. government, converting a four-year bailout into a profit for taxpayers.
The U.S. sold about 553.8 million shares at $32.50 apiece, the Treasury Department said yesterday in a statement. …

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