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United States : United State could make US$15.1 bln on AIG bailout
Publish Date : 09-May-2012
US taxpayers could realize a profit of more than US$15.1 billion from the massive government bailout of insurer American International Group, a congressional watchdog said.
According to a report by the Government Accountability Office (GAO) issued on Monday, the total return depends on the overall health of AIG and a number of other factors relating to Treasury\'s ownership stake.
The US Treasury acquired shares in AIG as part of a US$182 billion bailout of the insurer in 2008, the largest rescue of a single corporation, and has reduced the investment over time.
Treasury sold AIG common stock in May 2011 and this March.
