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Treasury Sells Last Of AIG Stock

17 Dec 2012

Treasury Sells Last Of AIG Stock

The Treasury Department announced that it would sell the last of its shares of American International Group stock on Monday, a move that “close[s] the books on the government’s biggest bailout during the 2008 financial crisis,” according to the AP. Aggregate proceeds to Treasury from the latest offering are expected to be roughly $7.6 billion, the agency said in a statement this morning, and the Federal Reserve and Treasury’s return on their $182 billion commitment to AIG is now $22.7 billion.

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