This week The Washington Post’s Charles Lane wrote an opinion piece explaining how the AIG bailout, which was so venomously despised by so many in 2008, has started to show signs of working.
“Well, don’t look now, but the AIG bailout is working. On Friday, the Treasury announced that it was selling $5 billion worth of AIG stock, its fourth such sale, bringing its stake in the company down to 55 percent. Treasury made $300 million on the transaction, consistent with the fact that markets value the stock above the government’s $28.72 break-even share price. Contrast bailed-out GM, where Treasury will cash out at a loss in almost any realistic stock-price scenario.” Read the full article here. | Raymond Matt, CFP, CLU, TEP, CHS
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