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And yet I and probably everyone else here won't see one dime of that 15.1 billion I feel less like the taxpayers made a profit as much as I do the government just found 15.1 billion dollars to waste.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
And yet I and probably everyone else here won't see one dime of that 15.1 billion I feel less like the taxpayers made a profit as much as I do the government just found 15.1 billion dollars to waste.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
Just imagine if we'd all bought several thousand shares back in March 2009 when it dropped below 40 cents per share. Current share price is around $35.00.
Just imagine if we'd all bought several thousand shares back in March 2009 when it dropped below 40 cents per share. Current share price is around $35.00.