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AIG
General Motors
Ian Wyatt
AIG and GM Payback Plans Doomed to Fail?
AIG (NYSE:AIG) agreed to convert preferred shares given to the U.S. Treasury in exchange for bailout money into common stock that can be sold on the open market. The Treasury owns $49 billion in AIG preferred stock. The exchange will leave the Treasury with 1.66 billion shares of AIG common stock. For...
Posted to
Daily Profit
by
Ian Wyatt
on 09-30-2010
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Filed under:
Ian Wyatt
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AIG
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