Some of you made harsh comments about what I wrote about AIG. I said that AIG should sue the U.S. government and the Fed for saving it when it could have (more likely would have) gone under during the peak of the crisis in 2008.
Insights & Indictments reader Darrell said, "Enough. This is the most vile piece... I have ever read. Those people SHOULD have been allowed to fail. FULL bankruptcy! To borrow from the taxpayers to compensate the "managers" who steered us...
AIG Stock Sale Makes it a "Buy" (NYSE: AIG)
The U.S. Treasury Department has sold off its remaining shares of American International Group (NYSE: AIG), acquired in a financial crisis bailout move.
The Treasury had 234.17 million shares left, or roughly 16% of the insurance giant's outstanding stock.
After unburdening itself from its mountainous holding, the Treasury will only own warrants to purchase additional shares of AIG.