Friday, January 14, 2011

AIG Repays Fed, Swaps Treasury Investment for Stock





Swaps Treasury Investment for Stock 
01-14-2011--.Treasury now owns 1.66 billion shares of New York-based AIG that will be sold to repay an investment of about $49 billion through the end of last year, the regulator said in a statement today. Treasury paid an additional sum of about $20 billion as it helped retire the company’s obligation to the Fed.
US Treasury: AIG Has Completed Recapitalization Plan 
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