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  • Treasury to sell its remaining stake in AIG

    12/10/2012 9:36:34 PM PST · by Nachum · 10 replies
    L.A. Times ^ | 12/10/12 | Jim Puzzanghera
    <p>WASHINGTON -- The Treasury Department said Monday that it would sell its remaining ownership stake in insurance giant American International Group, effectively ending one of the largest bailouts of the financial crisis and turning a profit for taxpayers.</p> <p>The sale of the Treasury's remaining 234 million shares -- 15.9% of the company -- would add to the $15.1 billion in profit the government already has made on the bailout. The Treasury would still hold warrants in AIG after the stock sale.</p>