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The Treasury confirms it's putting another $18B worth of AIG stock on the block, as observers...

The Treasury confirms it's putting another $18B worth of AIG stock on the block, as observers recently anticipated. AIG plans to buy up to $5B worth of the shares at the IPO price.
Comments (14)
  • ahouseoforange
    , contributor
    Comments (363) | Send Message
     
    Holy cow 18 billion that's huge.
    9 Sep 2012, 08:19 PM Reply Like
  • deercreekvols
    , contributor
    Comments (6492) | Send Message
     
    Will the profits from the sale be shared with the taxpayers of the US?
    9 Sep 2012, 09:31 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    Yes

     

    The Treasury's average price is $28.73/share , big profit for taxpayer

     

    The TARP loan programs have led to gains on balance , with the only major loss looking to be the GM / Chrysler fiasco which cost $25 Billion , plus 80,000 lost union jobs and destruction of the workers pensions
    9 Sep 2012, 09:34 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2708) | Send Message
     
    And the $150 billion outstanding to Fannie Mae and Freddie Mac. Anyone who thinks the US government should do more to encourage home sales should remember that figure.
    9 Sep 2012, 09:41 PM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    I still can't believe that the US government back stopped these financial behemoths.
    9 Sep 2012, 10:07 PM Reply Like
  • assetman07
    , contributor
    Comments (66) | Send Message
     
    I can't believe they funneled that "back stop" as a pass-through to Goldman Sachs (and others).
    9 Sep 2012, 10:44 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    a,
    Yes, that is largely what happened alright. The bankers got 100-cents on the dollar for CDO's and CDS's (via AIG) that they probably should have received pennies on the dollar for.
    10 Sep 2012, 12:01 AM Reply Like
  • WisPokerGuy
    , contributor
    Comments (959) | Send Message
     
    Getting back on point (politics aside)... any pullback of the AIG share price is a tremendous buying opportunity. This company is very well managed (now), is making all the right moves to right itself. In my opinion AIG could hit $50 in a year or so.

     

    Frankly, I don't care how we got here or whether it was the right or wrong thing to do. I do care about the situation now and how I can make any money exploiting it. Period.
    9 Sep 2012, 11:15 PM Reply Like
  • Yashinvests
    , contributor
    Comments (20) | Send Message
     
    Totally agreed mate..
    10 Sep 2012, 06:45 AM Reply Like
  • fourchan
    , contributor
    Comments (80) | Send Message
     
    they know when to pump and when to dump because they control the over all market, and the over all market is going to fall...
    9 Sep 2012, 11:28 PM Reply Like
  • johnycarrs
    , contributor
    Comments (96) | Send Message
     
    Its a strange one, I think the fed just wants to make a small profit and exit. The line would have to be we saved an institution, and exited asap for a small profit.

     

    They won't want a Facebook type situation, selling their stake and seeing massive drops. But likewise they won't want to sell and see the stock hit 50 next year. Could we be at near fair value right now????
    10 Sep 2012, 05:15 AM Reply Like
  • nellis13
    , contributor
    Comments (4) | Send Message
     
    At least in part an election move. You can't deny it's good press for Obama as it reinforces he made the right decision.
    10 Sep 2012, 12:23 PM Reply Like
  • assetman07
    , contributor
    Comments (66) | Send Message
     
    In other words: Mission Accomplished.
    10 Sep 2012, 01:26 PM Reply Like
  • nellis13
    , contributor
    Comments (4) | Send Message
     
    w.r.t. AIG, yes, that's how it will play.
    10 Sep 2012, 02:13 PM Reply Like
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