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View Full Version : New York Fed wipes its hands of AIG, makes $18 billion in the process.



pghin08
08-24-2012, 10:24 AM
Remember when we bailed out AIG? Shockingly, the taxpayers will actually see a profit from this. The Treasury Dept. will hopefully do the same as it draws down it's share in the company.

http://money.cnn.com/2012/08/23/news/economy/federal-reserve-aig-bailout/index.html?hpt=hp_t3

AUTaxMan
08-24-2012, 10:53 AM
Great news. Only $7 billion more profit needed to offset the losses of the GM bailout.

pghin08
08-24-2012, 12:57 PM
Great news. Only $7 billion more profit needed to offset the losses of the GM bailout.

Lol.