The government is close to announcing its plans to end the bailout of American International Group (AIG), returning the company to independence and recovering taxpayer funds.
The Treasury is planning to begin converting its $49 billion preferred stake into common stock for sales, Bloomberg News said without naming its sources. The plan could be announced this week.
AIG is currently working on…
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Government Close to Announcing AIG Exit Strategy originally appeared on DailyFinance on Mon, 27 Sep 2010 08:36:00.
Filed Under: Company News, Economy, American International Group, Taxes, Insurance, Credit