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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Dec 2012
