Treasury to sell last AIG shares
U.S. poised to add big to rescue’s $15.1 billion profit
Posted: December 11, 2012 at 1:20 a.m.
Robert Benmosche, chief executive officer of American International Group Inc., speaks at a Nov. 30 event sponsored by the American Chamber of Commerce in Seoul, South Korea. On Monday, the Treasury Department said it planned to sell the remaining AIG shares held by the government stemming from its bailout of the company.
American International Group Inc.’s rescue is coming to an end more than four years after the U.S. government took over the company in bid to save the global economy in a bailout that fueled public resentment against Wall Street.
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Business, Pages 23 on 12/11/2012
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