The U.S. government said Monday that it is selling its remaining shares of American International Group stock, moving to close the books on the government’s biggest bailout during the 2008 financial crisis.
Treasury said it had begun a sale of 234.2 million shares of common stock in a public offering. The government’s shares represent a 16-percent ownership stake in the insurance company.
Treasury has already recovered more on its AIG investment that the original $182.3 billion bailout. It was the largest government bailout package, including both loans and federal guarantees.
That was part of TARP, right? The legislation which Bush signed which added to the public debt, right? Raees is actually complimenting the actions of Bush? Quick, somebody make sure that he isn't really really sick.
And who on here was AGAINST TARP? Remember the Republican mouthpieces spinning it so that the majority of people thought Obama passed it, because they thought the bailout was a bad idea? Now, it works out in this case an all of sudden you guys are falling all over yourselves pointing out it was Bush that signed it.
