Treasury to Sell AIG Stock

Last week, I tweeted:

Obama might privatize $AIG before November. The stock is above the govt’s breakeven price of $28.72, easy way to counter “socialism” charge.

Look what’s making news right now: Treasury To Sell $4.5 Billion In AIG Stock In Public Offering

The U.S. Treasury Department has begun an offering of $4.5 billion in stock of bailed-out insurer American International Group Inc.

AIG plans to buy as much as $3 billion of the stock, the Treasury said in a statement today.

Posted by on August 3rd, 2012 at 2:30 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: