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Surprise—We Made $23 Billion Off AIG!

Four years after the AIG bailout, the expected loss has turned into a significant gain for taxpayers. Daniel Gross reports.

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Imaginechina / Corbis

The Treasury Department announced Tuesday that it is selling off the last of its shares in the insurance company AIG. That brings to a close one of the largest and most contentious components of the financial-rescue efforts, at a nearly $23 billion “profit” to taxpayers.

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