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The taxpayer could make a profit of $15.1B on the $182B bailout of AIG (AIG) in 2008, the...

The taxpayer could make a profit of $15.1B on the $182B bailout of AIG (AIG) in 2008, the Congressional watchdog, the Government Accountability Office, estimates. The latest return will come from the Treasury's sale of $5.8B worth of AIG shares for $30.50 each, above its break-even price of $28.72.
Comments (4)
  • CapVandal
    , contributor
    Comments (411) | Send Message
     
    Treasury owns roughly a billion shares now, so every single USD over $28/share is another billion in 'profit.'

     

    $8 billion or so on the Maidens, and $15 billion is conservative.

     

    The thing is ..... the last whining complaint that want AIG to be a failure involves the DTA's or tax losses. Never mind that it is a lame complaint, but it looks like they will make that $ back sooner rather than later.

     

    AIG is proving to be a great bailout!!!

     

    Allay nee GMAC, not so much. It's off to BK for them.
    8 May 2012, 05:52 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (9575) | Send Message
     
    Whitney Tilson has discovered AIG.

     

    http://on.barrons.com/...
    8 May 2012, 07:53 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    Works out to a 2% annual interest rate on the money tied up in AIG.
    8 May 2012, 01:04 PM Reply Like
  • BTNelson33
    , contributor
    Comments (138) | Send Message
     
    Does anyone know if GE has paid back the Treasury for their portion of the bailout? How much does GM still owe the taxpayer?
    9 May 2012, 02:05 PM Reply Like
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