AIG Repays $2 Billion in Bailout Funds

Published by: Dave Simmons on 19th Aug 2011 | View all blogs by Dave Simmons

AIG Repays $2 Billion in Bailout Funds

American International Group on Thursday made a bailout repayment of $2.15 billion to the US Treasury, reducing its outstanding balance to right around $56 billion. The Treasury confirmed the payment, saying the money came from AIG's selling of its Nan Shan Life Insurance Co. in Taiwan.

AIG has now repaid about $11.4 billion of the $68 billion in bailout assistance it received at the height of the financial crisis. Treasury officials, meanwhile, sold about 200 million shares of the insurer in May, reducing taxpayers' stake in the company from 92 percent to 77 percent. Government officials have stated on numerous occasions that they expect to recoup the full amount of the AIG bailout.

Comments

0 Comments

Please login or sign up to post on this network.
Click here to sign up now.

Latest DT's

Top 10 Box Office Movies

1 Oz The Great and Powerful $42.2M 2 The Call $17.1M 3 The Incredible Burt Wonderstone $10.1M 4 Jack the Giant ... View DT's

2 months ago by Geno
InAPPropriate Comedy

Rated: R Director: Vince Offer Cast: Adrien Brody, Rob Schneider, Lindsay Lohan, Michelle Rodriguez View DT's

2 months ago by Geno
Hunky Dory

Rated: NR Director: Marc Evans Cast: Minnie Driver, Robert Pugh, Haydn Gwynne, Owen Teale, Steven ... View DT's

2 months ago by Geno
Admission

Rated: PG-13 Director: Paul Weitz Cast: Tina Fey, Paul Rudd, Nat Wolff, Michael Sheen, Wallace Shawn View DT's

2 months ago by Geno
Olympus Has Fallen

Rated: R Director: Antoine Fuqua Cast: Gerard Butler, Aaron Eckhart, Morgan Freeman, Angela Bassett, Melissa ... View DT's

2 months ago by Geno
The Croods

Rated: PG Director: Kirk De Micco Cast: Nicolas Cage, Emma Stone, Ryan Reynolds, Catherine Keener, Cloris ... View DT's

2 months ago by Geno
49ers Trade Alex Smith to KC

Just as everyone anticipated, Alex Smith will be heading to the Kansas City Chiefs. The trade includes a 2nd round pick ... View DT's

2 months ago by Geno
DT - Ace Frehley Facing Foreclosure

Ace Frehley is facing foreclosure on one of his homes. I just posted the article on the Day Trender magazine at this ... View DT's

2 months ago by Geno
Suge Knight and Snoop Dogg Reunite

After years of friction, Suge Knight and Snoop Dogg appear to have patched things up. Oddly enough it seems that Suge ... View DT's

3 months ago by Geno