NU Online News Service, March 8, 9:25 a.m. EST
WASHINGTON (AP) — The Treasury Department said Wednesday it is selling $6 billion worth of the $41.8 billion in common stock it holds in insurance giant American International Group Inc., which received the biggest bailout of the financial crisis in 2008.
The stock sale is a step by the government toward disentangling itself from AIG. It still owns 77 percent of the company's common shares. Treasury said AIG plans to buy as much as $3 billion of the stock being sold.
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