From USA TODAY:
The U.S. government and AIG, the giant insurer rescued with $182 billion at the depths of the 2008 financial meltdown, announced a plan Friday to end taxpayer involvement in the company over the next two years.
As part of the plan, AIG (AIG) paid back its $21 billion outstanding balance to the New York branch of the Federal Reserve.
The Treasury Department will now own a 92% stake in the company and begin unloading stock on the open market in March… The government holds roughly 1.67 billion shares of AIG now. Those shares were handed over to taxpayers at a value of just under $30 apiece and were trading Friday at about $54…
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