Rejoice Taxpayers, the Government is Selling Most (But Not All) of i...

09/10/12

Receiving Wide Coverage ...

AIG Stock for Sale: The Treasury Department announced on Sunday that it is getting ready to sell $18 billion of the stock it purchased in American International Group during the controversial 2008 bailout of the insurance firm. The sale is expected to reduce the federal government — or, as the FT notes, "the U.S. taxpayer" — to a minority shareholder in the company for the first time since the financial crisis. According...

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