US Treasuary sold AIG stock for $22 billion more than they paid during bailout

Treasury Has Sold Its Last Shares of AIG (and Turned a Profit, Too)
By The Associated Press
Posted 10:18AM 12/11/12


WASHINGTON -- The Treasury Department said Tuesday that it has sold all of its remaining shares of American International Group (AIG), moving to wrap up the government's biggest bailout of the 2008 financial crisis.

Treasury said it received $32.50 per share for its 234.2 million remaining shares, which represented a 16 percent ownership stake in the giant insurance company.

With this sale, Treasury said the government has received $22.7 billion more than the $182 billion bailout it provided to support AIG during the height of the financial crisis

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CalGun said:

You forgot to thank Bush

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The NY Fed, in tandem with the Federal Reserve Board and the Treasury department of the Bush and later the Obama administration, ultimately invested more than $100 billion in additional funds, as well as the creation of facilities, and the federal government’s credit as implied backing of AIG.

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