5-11-11 Treasury Launches 1st sale of AIG
ownership from 92% to 77%
9-9-2012 Treasury Launches 5th sale of AIG stock=$18B
ownership now = 20%
Question:
Where? WHEN? did 2nd 3rd and 4th sale of stock take place?
Timeline jumps fro 1st to 5th sale. There is no mention of 2nd 3rd 4th sales?
Strange?
The government isn’t actually the worst stock investor in the world. More than $180 billion was lent in the AIG bailout, but so far, the profit has been almost $18 billion, a return of just about 10 percent.
5-11-11 Treasury Launches 1st sale of AIG
ownership from 92% to 77%
9-9-2012 Treasury Launches 5th sale of AIG stock=$18B
ownership now = 20%
Question:
Where? WHEN? did 2nd 3rd and 4th sale of stock take place?
Timeline jumps fro 1st to 5th sale. There is no mention of 2nd 3rd 4th sales?
Strange?
Shhhh. Don’t call it a bailout — it upsets some people. Let’s just call it a helping hand. Commercial Welfare, if you will.
The government isn’t actually the worst stock investor in the world. More than $180 billion was lent in the AIG bailout, but so far, the profit has been almost $18 billion, a return of just about 10 percent.