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

[pghin08]

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]

Great news. Only $7 billion more profit needed to offset the losses of the GM bailout.

[pghin08]

Great news. Only $7 billion more profit needed to offset the losses of the GM bailout.

Lol.