Topic - American International Group

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    GHEI: Government's payday problem

    Being an executive at a "too big to fail" company has its perks. After U.S. taxpayers rescued AIG, General Motors and Ally Financial, many of the individuals responsible for botching business plans and bringing those major corporations to the brink of bankruptcy enjoyed fat paychecks and bonuses.

  • People pass the AIG building, in New York, Tuesday, Jan. 8, 2013. American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout of the insurer. (AP Photo/Richard Drew)

    Bailed-out AIG won't sue U.S.

    Facing a certain backlash from Washington and beyond, American International Group won't be joining a $25 billion shareholder lawsuit against the U.S. government over the terms of its bailout at the height of the financial crisis.

  • An American International Group office building is pictured in New York in 2008. (Associated Press)

    AIG mulls joining lawsuit against U.S.

    American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout of the insurer.

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  • Specialist Donald Himpele, foreground second left, resumes trading in AIG stock on the floor of the New York Stock Exchange Friday, Aug. 3, 2012. The U.S. government says it plans to sell $4.5 billion in American International Group common stock, the latest effort to recoup taxpayer money spent on the largest bailout of the 2008 financial crisis. (AP Photo/Richard Drew)

    Treasury to receive $750M more from AIG stock sale

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  • Economy Briefs: AIG wants $30.2 million in tax interest

    American International Group, the insurance giant saved by a massive federal bailout, wants some tax money back from 1991.

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    The Federal Reserve said Wednesday that it had sold $6.2 billion of assets once held by bailed-out American International Group Inc. to New York investment bank Goldman Sachs.

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  • Cole

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  • **FILE** In this file photo made March 18, 2009, the AIG logo is seen on the side of building in Tokyo, Japan. (AP Photo/Shizuo Kambayashi, File)

    Treasury plans to start selling shares of AIG

    The Treasury Department plans to start selling its dominant share of insurance giant American International Group, one of the largest recipients of corporate bailout funds during the 2008-09 financial crisis, as it slowly backs out of the private sector.

  • Illustration: AIG by Alexander Hunter for The Washington Times

    LEE: The AIG bailout's hidden victims

    On the eve of the Treasury Department's sale of its massive position in American International Group (AIG), one group of people has reason to be livid. It is made up of those who held AIG shares on Sept. 16, 2008, because on that day, their property rights were violated egregiously.

  • **FILE** In this file photo made March 18, 2009, the AIG logo is seen on the side of building in Tokyo, Japan. (AP Photo/Shizuo Kambayashi, File)

    Government, AIG announce plan to end federal stake

    The government and AIG, the giant insurer rescued with $182 billion at the depths of the 2008 financial meltdown, announced a plan Friday to end taxpayer involvement in the company over the next two years.

  • AIG, seen here in New York, has been shedding assets since it first received a bailout package two years ago. (Associated Press)

    AIG set to repay $37B of bailout

    AIG said Monday it raised nearly $37 billion from the divestment of two foreign insurance units and will use that money toward repaying a government bailout.

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