Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

U.S. Treasury to Cut its Stake in AIG to Less Than 50 Percent U.S. Treasury to Cut its Stake in AIG to Less Than 50 Percent

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

White House / White House

U.S. Treasury to Cut its Stake in AIG to Less Than 50 Percent

photo of Matt Vasilogambros
September 10, 2012

For the first time since the Treasury took control of AIG four years ago, the U.S. will be a minority shareholder after selling off at least $18 billion of the bailed-out insurer’s stock, The New York Times reports.

Currently holding 53 percent of the company, a new deal could lower the U.S. stake to 15 percent. Although the Treasury is expected to earn a profit, it is trying to distance itself from a widely unpopular bailout, according to The Times.

As the stock markets tumbled in the fall of 2008, AIG was rescued by the Bush administration when it injected $182 billion into the company, owning 92 percent at the time. Since then, the U.S. has slowly sold its holdings.

Job Board
Search Jobs
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Structural Engineer
American Society of Civil Engineers | New Haven, CT
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Quality Systems Manager
American Society of Civil Engineers | Greensboro, NC
Rail Field Construction Inspector
American Society of Civil Engineers | Jacksonville, FL
Manager, Quality Assurance
American Society of Civil Engineers | Memphis, TN
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Quality Engineer
American Society of Civil Engineers | Attica, IN
Civil Engineering
American Society of Civil Engineers | Steamboat Springs, CO
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
 
Comments
comments powered by Disqus