Summary
NEW YORK (AP) - The government and AIG, the giant insurer rescued with $182 billion at the depths of the 2008 financial meltdown, announced a plan Friday to end taxpayer involvement in the company over the next two years.
As part of the plan, AIG paid back its $21 billion outstanding balance to the New York branch of the Federal Reserve. The Treasury Department will now own a 92 percent stake in the company and begin unloading stock on the open market in March.See the full content of this document
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Aig Announces Bailout Plan Arrangement Would End Federal Stake in Insurance Giant
"Treasury remains optimistic that taxpayers will get back every dollar of their investment in AI...
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