Treasury to Sell Remaining AIG Shares and Profit from Investment

The Treasury Department is selling today its remaining 16 percent of American International Group common shares, putting an end to the governments 50-month shotgun financial tryst with the global insurer.

By Arthur D. Postal | Updated on December 11, 2012

The Treasury Department is selling today its remaining 16 percent of American International Group common shares, putting an end to the government’s 50-month shotgun financial tryst with the global insurer.

Industry officials, financial analysts and Washington insiders speculate that Treasury’s sale of its remaining 234 million common shares of AIG through an initial public offering will set the stage on Thursday for designation of AIG as the first systemically significant non-bank. That is expected to take place at a closed meeting of the Financial Stability Oversight Council.

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