Monday, January 17, 2011

Complete the capital restructuring AIG 47 billion U.S. dollars to repay government debt

 Local 14 announced the U.S. Treasury, American International Group (AIG) has completed the capital restructuring, the New York Federal Reserve Bank pay a total of 47 billion U.S. dollars of capital.

Currently, the U.S. Treasury holds 1,655,000,000 ordinary shares of American International Group shares, representing approximately 92% of the total equity.

in the financial crisis, the U.S. Treasury through the Troubled Asset Relief Program (TARP) to financial institutions totaling 389 billion U.S. dollars in relief funds, including American International Group are the main objects of the assistance. Because of these huge bailouts caused much controversy, the U.S. Treasury is accelerating the sale of the shares held by the relief object to recover the relief funds as soon as possible. According to the U.S. Treasury released last December 29 statement TARP 270 billion U.S. dollars have been recovered.

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