It looks like we were all wrong. The taxpayers will make a profit off the AIG bailout after all.
"Taxpayers will soon shed their last holdings in the American International Group, more than four years after a rescue by the federal government during the most chaotic days of the financial crisis .
..At the time, critics feared that the company would be forced into a fire sale of assets to repay those loans, a sale that would deeply shortchange taxpayers.
Instead, the federal government has said that it expects to walk away from A.I.G. with a profit about $15.1 billion to date, by the Treasury Departments reckoning. That has followed both a steady stream of stock sales over the last two years and a resurgence in the insurers core operations .."
Bailout Over, U.S. Treasury Plans to Sell A.I.G. Shares - NYTimes.com
"Taxpayers will soon shed their last holdings in the American International Group, more than four years after a rescue by the federal government during the most chaotic days of the financial crisis .
..At the time, critics feared that the company would be forced into a fire sale of assets to repay those loans, a sale that would deeply shortchange taxpayers.
Instead, the federal government has said that it expects to walk away from A.I.G. with a profit about $15.1 billion to date, by the Treasury Departments reckoning. That has followed both a steady stream of stock sales over the last two years and a resurgence in the insurers core operations .."
Bailout Over, U.S. Treasury Plans to Sell A.I.G. Shares - NYTimes.com