The Treasury announces an offering for its remaining stake in AIG. The government currently...

This news story has 10 comments:

Register or Login to rate comments »

vandob Comments (26)
 
Geitner must be trying to beat the change in the capital gains tax---
10 Dec 2012, 04:53 PM Reply Like

papayamon Comments (584)
 
good. let's get this over with!
10 Dec 2012, 04:55 PM Reply Like

Ted Bear Comments (419)
 
maybe we can use some of these 'profits' to offset the bath we took on GM....

We never hear much about the trillions in crap that Maiden Lane owns either......
10 Dec 2012, 05:02 PM Reply Like

Peter_Do Comments (28)
 
You must have missed the news the Maiden Lane has been unwounded. And Fed made money on them.

"August 23, 2012: Maiden Lane III LLC sold all remaining securities. Subsequent to the repayment of ML III LLC’s liabilities to the New York Fed and AIG, net proceeds from sales of the securities, as well as cash flow the securities generated while held by ML III LLC, provided a net gain of approximately $6.6 billion for the benefit of the U.S. public."

http://bit.ly/zklcD1#
10 Dec 2012, 05:13 PM Reply Like

Mike Maher Comments (1749)
 
Peter's right, the Maiden Lane sale was big news at the time, since it attracted a lot of bids, and was a market moving amount of paper. Aside from the auto companies and fannie and freddie, the bailouts have been a profitable endeavor, for assets purchased from financial companies not run by the government.
10 Dec 2012, 05:54 PM Reply Like

zorro2828 Comments (278)
 
Glad to have the Governement out of my PJ's!
10 Dec 2012, 05:17 PM Reply Like

ahouseoforange Comments (221)
 
Now no more 'overhang' blah blah blah !!! What will it do for the stock the next few months? If AIG indeed buys back no part of this last offering it may be the strongest indication yet of their desire to pay a dividend again sooner than later in 2013. The dividend announcement may do more for us than any additional buybacks anyways. Both of course would be nice but let's just be happy the government will be out this week. Looking for AIG to at least close above $36.00 by the end of the month.
10 Dec 2012, 09:06 PM Reply Like

Mike Maher Comments (1749)
 
Rushing a dividend is a HUGE waste of capital, given that shares are trading at half of book
10 Dec 2012, 11:20 PM Reply Like

papayamon Comments (584)
 
i agree. the best use of capital would be to buy back shares trading at half of book. let the dividends come when the company is reorganized enough to comfortably generate them from profits.
11 Dec 2012, 03:09 AM Reply Like

rob77 Comments (2)
 
this is the official start of the new AIG -- what a great investment
11 Dec 2012, 03:08 AM Reply Like