AIG bailout profit News

Greenberg Lawyers Say Bernanke Testimony Key to Suit Over AIG Bailout

U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice “Hank” Greenberg’s lawsuit over the bailout of American International Group Inc., Greenberg’s lawyers said. Bernanke made key decisions about the government takeover of the insurer during the …

AIG to Thank America for Bailout in High-Profile Ad Campaign

American International Group,Inc. said it will launch an advertising campaign thanking America for its support during the global financial crisis, as well as highlighting AIG’s recovery and the repayment and a combined positive return to taxpayers of over $22 billion. …

Treasury Completes Final Sale of AIG Stock

The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout. Treasury said it received $7.6 …

Government to See $23 Billion Total Profit on AIG Bailout

The U.S. Treasury’s sale of its remaining stake in American International Group Inc. will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer. The share offering will close the chapter …

Treasury Selling All of Its Remaining AIG Common Stock

The U.S. Treasury is selling its remaining stake in insurer American International Group Inc., bringing an end to government ownership of the company about four years after a $182 billion bailout. The sale will close the chapter on one of …

U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%

The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its end. The Treasury Department sold …

U.S. Treasury Expects $12.4 Billion Profit from Investment in AIG

The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve’s investment in the insurer. The Treasury …

U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO

U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. “When all the assistance is considered, the amount the federal government ultimately takes in could exceed the total support …

How AIG Will — or Won’t — Generate a Bailout Profit for Taxpayers

CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group, the insurance company he runs. Of course, that depends on how one defines “profit.” How much AIG actually borrowed …