Taxpayers still owed billions from bailouts - Sep. 11, 2012
The federal government is slowly closing the books on its bailouts of
2008, many of which have actually turned a profit. But taxpayers are
still owed more than $200 billion from some of the highest-profile
bailouts.
Treasury announced Sunday that it's set to sell at least $18 billion in American International Group (AFF)
stock, which should bring the repayments from that company to Treasury
to $63.6 billion, plus another $930 million in dividends and interest.
Treasury will also cut its stake in the company to 20% from 53%.
And yet QE3 will do what and for whom?
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