Magazine date:
Jan 2013 The American Treasury has announced the imminent sale of its remaining AIG shares, consisting of a package of 234 million units. This move is likely to generate a 7.8 billion USD of surplus. The Treasury would then be able to reach its main objective, that is, to recover the contribution it made to bail out in extremis the former largest insurer in the world.
AIG was saved from bankruptcy in 2008 thanks to the bailout funds injected by the State which took control of 92% of its capital. This operation required 182 billion USD of funds provided by the State which has gradually disengaged from AIG. The Federal Reserve, which also participated in the rescue, along with the Treasury, sold its last shares in late August 2012.