The Treasury prices its 553.8M share offering of AIG at $32.50/share, raising $18B. As expected,...


The Treasury prices its 553.8M share offering of AIG at $32.50/share, raising $18B. As expected, AIG purchases about $5B of the offering. Giving itself a pat on the back, Treasury says it's recovered all and more of the $182B 2008 bailout of AIG, and still owns a 21.5% stake in the company. AIG -1.3% AH to $32.87. (PR)

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Comments (3)
  • montanamark
    , contributor
    Comments (1455) | Send Message
     
    and madoff is in prison?
    10 Sep 2012, 10:32 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
     
    So the WS banks proved to be a great investment for the taxpayers - GM, not so much.

     

    We're still in the hole around $35 BILLION on GM shares - this will get worse.
    10 Sep 2012, 10:49 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11172) | Send Message
     
    All future USG sales of AIG shares will result in pure profit for the American people.

     

    The USG should hold more undervalued assets in trust then sell when market conditions improve to generate free cash flow for the American people.
    11 Sep 2012, 09:06 AM Reply Like
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