Fed turns AIG bailout into $18 billion profit
Economy • August 2012 • Views: 1,349
http://money.cnn.com/2012/08/23/news/economy/federal-reserve-aig-bailout/
The Federal Reserve finally has wiped its hands clean of AIG and turned a nearly $18 billion profit for taxpayers in the process.
Now it’s up to the Treasury Department to sell the rest of the U.S. government’s stake in the insurance giant.