US Owned AIG Sells Stock To Public, Delaware Business Insurance Update

The Federal Government bail out of AIG from 2008 is finally winding down, The Government sold the majority of its stake in the company to the private sector. AIG bought back a good portion of its shares, and the public bought the rest. U.S. taxpayers will make some money back from this sale but less than anticipated. The Federal government is winding down the TARP bailouts as the election approaches. The pressure on the administration to show positives from these bailouts is the reason. Hopefully the 300 or so banks that have yet to pay back the money will finally start to do so as pressure builds. Until next time be careful out there and know your risks. K
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