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News Summary: Treasury sells its final AIG shares

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The Associated Press | December 11, 2012 04:51 PM EST | AP


FINAL SHARES SOLD: The Treasury Department said Tuesday that it has sold all of its remaining shares of American International Group Inc. That wrapped up the government's biggest bailout of the 2008 financial crisis.

SHARE PRICE: Treasury said it received $32.50 per share for its 234.2 million remaining shares. The shares represented a 16 percent ownership stake in the giant insurance company.

A TIDY PROFIT: Treasury said the government has received $22.7 billion more than the $182 billion it provided to bail out AIG during the crisis.