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Treasury to sell its
remaining stake in AIG

Los Angeles Times, by Jim Puzzanghera

Original Article

Posted By:JoniTx, 12/10/2012 10:18:07 PM

WASHINGTON -The Treasury Department said Monday that it would sell its remaining ownership stake in insurance giant American International Group, effectively ending one of the largest bailouts of the financial crisis and turning a profit for taxpayers. The sale of the Treasury´s remaining 234 million shares -- 15.9% of the company -- would add to the $15.1 billion in profit the government already has made on the bailout. The Treasury would still hold warrants in AIG after the stock sale.(Snip)A group of Chinese investors agreed to buy 80.1% of the company for about $4.23 billion. They have an option

      


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Reply 1 - Posted by: john56, 12/10/2012 10:23:14 PM     (No. 9058714)

Good. Now Obama will have money to buy General Motors a second time.

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Reply 2 - Posted by: uno, 12/10/2012 10:38:37 PM     (No. 9058729)

No, he´ll sell them too ´cause China owns him.

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Reply 3 - Posted by: Janjan, 12/10/2012 10:40:24 PM     (No. 9058730)

The Feds take over another company and sell it off to China. People will never learn.

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Reply 4 - Posted by: Janjan, 12/10/2012 10:49:28 PM     (No. 9058738)

The NYT have an article on the same subject high fiving Obama for the great thing he has done. Does not mention anywhere in the article that he sold the Feds shares to China. No wonder people are so ignorant. It is by design.

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Reply 5 - Posted by: bob913, 12/11/2012 12:21:44 AM     (No. 9058811)

Jeremy Clarkson of the BBC Top Gear car show, was advised to put his money in AIG. He lost most of it.

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Reply 6 - Posted by: ColonialAmerican1623, 12/11/2012 12:50:58 AM     (No. 9058832)

Shouldn´t we ask how many American companies does China own today ? They won´t have to demand their money back-they own US.
When does the new flag fly ?

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Reply 7 - Posted by: Nevadadad46, 12/11/2012 2:00:19 AM     (No. 9058846)

So, all the bailouts were about was handing over American big business, the last major American manufacturing enterprise, American big banks and American insurance trusts to the communist Chinese? Jeepers? Who coulda´ ever guessed that?

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Reply 8 - Posted by: Spidey, 12/11/2012 3:38:35 AM     (No. 9058876)

Obama is so cash starved hat he´s allowing foreign nationals to take over big stakes in American companies.Next he´ll auction off Mt. Rushmore to the NKoreans.

Obama laundered and relaundered TARP money so many times,you´ll never get an honest paper trail of where the money went.He used some to bail out GMAC,which made a ton of bad mortgages. How is that money being paid back? Now they´re financiing high risk car buyers in an effort to prop up GM´s sales.

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Reply 9 - Posted by: LanieLou, 12/11/2012 3:42:29 AM     (No. 9058877)

Sell ? No... More like Gifting China AIG.

But it will not improve Obozo´s position with China... they want nothing to do with his Marxist-Islamo Fascist NWO.

Russia, China, India & many more formed an Anti-NWO Alliance... and when Obozo starts WW3 via Syria, the odds are not in our favor; US/Muslim Brotherhood vs Russia, China & India. The EU will try to abstain. The UK will stay out of it.

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Reply 10 - Posted by: Trigger2, 12/11/2012 5:48:11 AM     (No. 9058926)

Thanks to Barry, the stealth takeover of the US by China has begun.

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Reply 11 - Posted by: toddh, 12/11/2012 11:47:40 AM     (No. 9059614)

President Bush´s bailout netted the U.S. government billions of dollars.

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As new details emerged about his four-year stint in the 1980s as a confidential informer for the Federal Bureau of Investigation, the Rev. Al Sharpton thought enough of the attention to hold a news conference to address what became front-page fodder for New York tabloids for two days this week. But to use Sharpton-esque language, the revelation was nothing but an elevation. At the annual convention of the organization he founded in 1991, the National Action Network, there was no hint of any discord or doubt. The United States attorney general, Eric H. Holder Jr., and Mayor Bill de Blasio

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PORTLAND -- She´s the talk of her school and the entire city. After a speech from Hillary Clinton, a 6-year-old Portland girl asked a question that had everyone in Keller Auditorium on the edge of their seats. The moderator read from a card during a question-and-answer period. The final question: "This is from Zola Demarco, she is 6 years old and she addresses this to H.R. Clinton and she says, ´In 2016, would you prefer to be called Madame President or Mrs. President?´" Watching the footage on an iPad in her kindergarten class Wednesday morning, Zola got a first look

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R_DBL_B
  


 
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