Treasury and AIG May Split

EXIT

Updated Apr. 21, 2017 2:37PM EDT / Published Dec. 11, 2012 7:28AM EST

AP Photo

The U.S. Treasury announced it would sell its remaining shares in the once-crippled insurance giant, AIG. After unloading the more than 234 million shares it still owns at $32.50 per share, the Treasury will bring in $7.6 billion and its share of the company’s common stock will drop to zero. AIG was 92 percent owned by the government in the beginning of 2011. All told, the Federal Reserve and the Treasury have made $22.7 billion on their combined $182.3 billion in aid to AIG.

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Treasury and AIG May Split

AP Photo