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Economy
3:02 pm
Tue September 11, 2012

U.S. Treasury Cuts Stake In AIG With $18 Billion Sale

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Originally published on Tue September 11, 2012 7:57 pm

The Treasury Dept has reduced its stake in AIG by selling $18 billion worth of company stock. In doing so, the U.S. government moved from being AIG's majority shareholder to simply having a stake in the company. The sale guarantees that taxpayers will come out ahead on the bailout of the insurer.