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U.S. to sell $18 billion stake in AIG
 

The U.S. Treasury on Monday announced that it would sell an $18 billion stake in AIG, the investment giant that was rescued by the government during the financial crisis of 2008. The sale would reduce the government's stake in AIG to less than 20 percent, from its current majority stake of 53 percent. The move is the latest step toward disentangling AIG from the government, which once committed more than $180 billion to the company to keep it afloat. The government still owns a large portion of automaker General Motors, and controls the mortgage-financing companies Fannie Mae and Freddie Mac. 

 

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