The federal government may sell its stake in American International Group through a public stock offering sometime after 2013, according to the Government Accountability Office.
GAO officials talk about the future of AIG and other large recipients of federal financial assistance in a report prepared for congressional committees. The government has provided $134 billion in indirect and direct assistance to AIG, with the majority made through government investments in AIG stock, officials noted.
"When AIG will be able to pay the government completely back for its assistance is currently unknown because the federal government's exposure to AIG is increasingly tied to the future health of AIG, its restructuring efforts and its ongoing performance as more debt is exchanged for equity," Gene Dodaro, the acting U.S. comptroller general, wrote in a letter describing the GAO's findings.
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