US to sell rest of AIG stock, ending $182 bn rescue
Agencies: Dec 11 2012, 12:48 IST
Bank of America Merrill
Lynch, Citigroup, Deutsche Bank, Goldman Sachs and JPMorgan Chase & Co.
Treasury also said it would continue to hold warrants to buy common stock even after the share offering is complete. An AIG spokesman declined to comment. The sale closes out AIG's bailout, but other companies still
owe the government. The latest Treasury estimate has the Troubled Asset Relief Program ultimately costing the US taxpayers $60 billion. General Motors, auto lender Ally Financial Inc and small banks still owe the Treasury.
Previous Story Marijuana smokers get nod to light up in Colorado as pot legalized Next Story 'Present global crisis is comparable to Lehman shock of 2008'
Reader's Comments| Post a Comment
Be the first to comment.
