AIG - Another $30 billion of your money for AIG

Thursday, February 09, 2012




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Another $30 billion of your money for AIG

Tuesday, April 21, 2009
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From Newsmax:

American International Group Inc, which has received more than $150 billion in taxpayer support since last September, has closed a deal to access nearly $30 billion in additional federal funds.

In a filing with the U.S. Securities and Exchange Commission on Monday, AIG said it would issue and sell to the U.S. Treasury 300,000 preferred shares, including warrants to purchase common stock, in exchange for up to $29.835 billion.

The original amount agreed in early March was $30 billion, but officials subtracted $165 million in retention bonuses paid to employees of the AIG Financial Products unit last month.

Read full article...

AIG chief urged employees to send money to Senator Chris Dodd

Topics:		AIG \| Boondoggle

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