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While the Treasury Department is moving to unload the rest of -- AIG stake but it is the timing.
Of that move that is raising eyebrows Elizabeth -- is here with you know.
Some story yet that's right Sheryl and so let's go through the numbers 44 point five billion dollars is what the government has gotten back.
Out of their cash investment this is just a cash investment.
And AIG so in today -- SA announced eighteen billion dollar new AIG stock sale.
I -- will still hold five point three billion bucks remember the total all -- to AIG was a 161 billion dollars at -- availed itself.
Of 982 billion dollar -- -- this is the biggest most controversial bailout so the question is what are the timing here is the president trying to.
Cut back any connections to AIG in advance of the elections here's of the treasury department's telling Fox Business essentially we decide.
Not the White House the White House is not involved resell when we think we can get a good price and American Barrick so ignored protectors of breakeven and has to be trading around 28 bucks 73 cents -- when he thought.
Dollars more AIG's been selling at around 33 dollars.
So the other plus side to this though is that the government the White House saying look now the Federal Reserve is going to be the regulator for AIG because AIG owns a thrift.
So -- stress tested in the future we don't know but the other -- to his look and will taxpayers see.
Up plus in the plus -- will we make money would attacks they make money on all the bailouts.
Initiated under the Bush Administration likely the answer is no because Fannie Mae and Freddie Mac.
I still -- billions tens of billions of dollars a 161 billion dollars plus.
We guy also gonna see not a 104 Linda plus also G and still rose 27 billion ally financial still owns fourteen -- -- billion.
And about four and -- ten companies still old TARP money so will we see that money back in the future.
That is the question will we see a loss cost probably.
It wasn't about your story those of the Treasury Department -- that he believes knowing this I mean and it I think that -- about listening very sensitive.
Yeah they are up but the timing the thing with the elections so close yet they are very pretty well I I -- -- the -- -- wanna set the record straight and -- but -- say look at the lock up period expired busy made assailant August amid a ferry that data period in -- appeared -- can sell.
And -- gotta time it right because they still own 871.
Million shares and anti didn't want to flood the market and press the stocks that the timing so that's at their second.
That thought that honestly the White House wasn't involved with us when it's gonna affect the election -- the politics of all -- really got up.
That's really something to be very surprised if they weren't talking treasury thanks plus you're -- -- bottom line -- -- -- --
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