AIG is looking to repurchase a significant amount of its stock from the government, the WSJ...

|By:, SA News Editor
AIG is looking to repurchase a significant amount of its stock from the government, the WSJ reports, in a move that could reduce the government's 61% stake to below 50% by the autumn but would then bring greater Fed oversight. The Treasury and NY Fed have so far made a profit of $14B on the bailout of AIG, and that could top $18B by the fall.