{"id":31704,"date":"2012-12-10T22:35:31","date_gmt":"2012-12-11T05:35:31","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/2012\/12\/10\/taxpayer-bailout-profit.html"},"modified":"2012-12-10T22:35:31","modified_gmt":"2012-12-11T05:35:31","slug":"taxpayer-bailout-profit","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2012\/12\/10\/taxpayer-bailout-profit.html","title":{"rendered":"Taxpayer Bailout Profit"},"content":{"rendered":"

Not that I think that bailing out failing companies should be SOP … but it can be done appropriately, and (mirabile dictu) at a profit to the taxpayer. (h\/t +<\/span>Paula Jones<\/a><\/span>)<\/p>\n

Reshared post from +Neil Carvin<\/a><\/strong><\/p>\n

Taxpayers Earn Profit on AIG Bailout. \u00a0US Sells Last AIG Shares<\/b><\/p>\n

American International Group, an insurer and former component of the Dow Jones Industrial Average, required a massive federal bailout to avoid bankruptcy during the financial crisis of 2008. \u00a0 AIG got in trouble by losing billions on collateralized debt obligations.<\/p>\n

The bailout gave the U.S. Treasury near total ownership of AIG. \u00a0However, as AIG's financial health has improved, Treasury has been selling its shares in various chunks. \u00a0The final public offering of U.S.-owned shares is about to be concluded. \u00a0<\/p>\n

Amazingly, the government will recover the entire $182 billion bailout and more. \u00a0Not even the most vocal proponents of the controversial AIG bailout, which was the largest of its kind, would have predicted in 2008 a profit for taxpayers.<\/p>\n

#financialcrisis<\/a> \u00a0 #bailout<\/a> \u00a0 #collateralizeddebt<\/a> \u00a0 \u00a0 #CDO<\/a> \u00a0 \u00a0<\/p>\n

http:\/\/www.reuters.com\/article\/2012\/12\/11\/us-usa-treasury-aig-idUSBRE8B919020121211<\/a><\/p><\/blockquote>\n

\n

Embedded Link<\/strong><\/p>\n

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\tU.S. to sell rest of AIG stock, ending $182 billion rescue<\/a>
\n\t\t\t\t\t\t\t\t\t\t\t\t(Reuters) – The U.S. Treasury is selling its remaining stake in insurer American International Group Inc , bringing an end to government ownership of the company about four years after a $182\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Google+:<\/strong> View post on Google+<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Not that I think that bailing out failing companies should be SOP … but it can be done appropriately, and (mirabile dictu) at a profit to the taxpayer. (h\/t +Paula Jones) Reshared post from +Neil Carvin Taxpayers Earn Profit on AIG Bailout. \u00a0US Sells Last AIG Shares American International Group, an insurer and former component … Continue reading “Taxpayer Bailout Profit”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[106],"tags":[285,287,286,284],"class_list":["post-31704","post","type-post","status-publish","format-standard","hentry","category-plusposts","tag-bailout","tag-cdo","tag-collateralizeddebt","tag-financialcrisis"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14228,"url":"https:\/\/hill-kleerup.org\/blog\/2009\/03\/16\/unblogged-bits-for-monday-16-march-2009-2.html","url_meta":{"origin":31704,"position":0},"title":"Unblogged Bits for Monday, 16 March 2009","author":"***Dave","date":"Mon 16-Mar-09 6:01pm","format":false,"excerpt":"Links that caught my eye, but did not warrant full-blown blog entries ... Gibbs On Cheney: \"I Guess Rush Limbaugh Was Busy\": Eric Kleefeld CBS' Chip Reid Asks Gibbs: Is This The Official Tone Toward Cheney?: Eric Kleefeld Why Are AIG\u2019s Contracts Sacrosanct But Not Union Workers\u2019 Contracts?: Ali Frick\u2026","rel":"","context":"In "Potpourri"","block_context":{"text":"Potpourri","link":"https:\/\/hill-kleerup.org\/blog\/category\/potpourri"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12796,"url":"https:\/\/hill-kleerup.org\/blog\/2008\/09\/25\/the_700bn_bailout_to_nowh.html","url_meta":{"origin":31704,"position":1},"title":"The $700bn Bailout to Nowhere","author":"***Dave","date":"Thu 25-Sep-08 2:10pm","format":false,"excerpt":"It's all so exciting,\u00a0these should get\u00a0their own post! Treasury explains how it came up with $700 billion:...\u00a0- \"We made it up. It's just\u00a0really big number, which was kind of ......","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/hill-kleerup.org\/blog\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49494,"url":"https:\/\/hill-kleerup.org\/blog\/2015\/02\/04\/pay-us-tax-money-so-we-can-discriminate-or-well-sue.html","url_meta":{"origin":31704,"position":2},"title":""Pay us tax money so we can discriminate, or we'll sue."","author":"***Dave","date":"Wed 4-Feb-15 9:58pm","format":false,"excerpt":"Well, given how awful their grasp of science is, it would make sense their grasp of constitutional law would be equally dodgy. In this case, it's Ken Ham's organization \"Answers in Genesis, which is a biblical-literalist, Young Earth religious organization.A few years back, they convinced the Kentucky state government to\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13563,"url":"https:\/\/hill-kleerup.org\/blog\/2008\/11\/13\/oversight_overlooked.html","url_meta":{"origin":31704,"position":3},"title":"Oversight overlooked","author":"***Dave","date":"Thu 13-Nov-08 9:40am","format":false,"excerpt":"Is anyone actually surprised that handing the Bush Administration huge buckets of money, even with requirements for oversight and reporting, has turned out to be a huge mess?\u00a0 Bailout...","rel":"","context":"In "Politics & Law"","block_context":{"text":"Politics & Law","link":"https:\/\/hill-kleerup.org\/blog\/category\/politics-law"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38814,"url":"https:\/\/hill-kleerup.org\/blog\/2013\/09\/26\/dear-aig-board-you-might-want-to-fire-your-ceo.html","url_meta":{"origin":31704,"position":4},"title":"Dear AIG Board: You might want to fire your CEO","author":"***Dave","date":"Thu 26-Sep-13 10:51am","format":false,"excerpt":"Because he's clearly incompetent, unable to figure out the potential emotional reactions to the things he blurts\u00a0during an on-the-record interview. \u00a0I mean, somehow, even though he's presumably smart and savvy and politic and charismatic enough to become the CEO of a major financial institution, he still suffers from an involuntary\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135106,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/10\/20\/bailout-not-bailout.html","url_meta":{"origin":31704,"position":5},"title":"When is a “bailout” not a bailout?","author":"***Dave","date":"Fri 20-Oct-17 8:23am","format":false,"excerpt":"It's demonstrable that arguing Donald Trump's policy proclamations are incoherent at best, dishonest at worse, is a futile gesture, as neither Trump nor his most rabid supporters care. But it's still worth noting, just for the record, that the whole \"Obamacare insurance company bailout\" argument both incoherent and dishonest, and\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2017\/10\/Trump-pbtpbtpbtpbt.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/31704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=31704"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/31704\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=31704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=31704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=31704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}