Aig bailout repaidmail

The American International Group (AIG) bailout was a series of financial interventions by the United States government in 2008 to prevent the collapse of AIG, a large insurance corporation. The bailout was part of a broader effort to stabilize the global financial system during the 2008 financial crisis.

Here are the key details about the AIG bailout and its repayment:

Initial Bailout (September 2008): The US government provided an $85 billion loan to AIG to prevent its collapse. The loan was secured by a 79.9% stake in AIG's shares, which the government could have converted into ownership if the company failed to repay the loan.

Additional Funding (October 2008): The government provided an additional $38 billion to AIG to help it meet its financial obligations.

Repayment Plan (2012): In 2012, AIG announced a plan to repay the government's bailout loans. The plan involved selling off assets, paying dividends, and issuing new shares.

Repayment (2012-2017): AIG repaid the government's bailout loans in several installments between 2012 and 2017. The company repaid the initial $85 billion loan in full, plus interest, in September 2012.

Total Repayment: The total amount repaid by AIG to the government was approximately $182 billion, including interest and fees.

Profit from Bailout: AIG's repayment of the bailout loans generated a significant profit for the government. The company's stock price recovered, and it was able to pay dividends to the government, which ultimately received a return of around $22 billion on its investment.

The AIG bailout was one of the most controversial and complex financial interventions in history. While it prevented the collapse of a major financial institution, it also raised concerns about the government's role in the financial system and the potential for moral hazard.