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Treasury plans $18 billion sale of AIG shares

Sunday, September 9, 2012

WN.com - Business News
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Treasury plans $18 billion sale of AIG shares
Sep 10th 2012, 04:15

NEW YORK — The U.S. government is selling more of its shares in insurer American International Group Inc., in a move that should decrease its holdings below a majority stake for the first time since the $182 billion bailout in 2008. The sale is the latest step to recoup taxpayer money spent on the largest bailout of the financial crisis. AIG said Sunday that the Treasury Department is selling $18 billion worth of its common shares to...
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