AIG, Treasury Stock Offering Prices At $29

Remember as you analyze the chart that AIG underwent a 50:1 reverse split in 2010.  So today's closing price of $30 equates to approximately 60 cents per share pre split.  The stock has done nothing since the Fall of '08 when Geithner, Jester and Paulson schemed to save Goldman Sachs by bailing out AIG.

Marketwatch

AIG is selling 100 million shares and the Treasury Department is selling 200 million shares.  The offering is set to raise $8.7 billion. That excludes the so-called greenshoe of 45 million shares. If the underwriters take up their option to purchase all this extra stock, that would raise another $1.3 billion for the government.  AIG is using the money it raises to settle litigation from the previous decade. Treasury is using the offering to reduce its stake in AIG from over 92%.

• Billions in Stimulus Funds Paid to Tax Cheats
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• QE2 was a bust - Economic data is worse than before

Comments

[DailyBail]

Orders for durable goods fall 3.6% in April

http://www.marketwatch.com/story/orders-for-durable-goods-fall-36-in-april-2011-05-25

[DailyBail]

German bank exposure to Greece 'manageable:' Fitch

http://www.marketwatch.com/story/german-bank-exposure-to-greece-manageable-fitch-2011-05-25

[Lucifer's Taxi]

Priceless! (I thought that the banksters and Wall Street had already finished looting the U. S. economy- guess not.) Duh!

[j r]

Lucifer's Taxi - You'll know they're finished when you're either dead or living outside fighting your fellow citizens over a dead squirrel for diner.

[Howard T. Lewis III]

Duh!! Articles from Rense.com and Whatreallyhappened.com have been stating the obvious for at least 8 years, that since the U.S. has exported the middle class capability to foreign lands, the lack of tax base and sources of middle income dictate the only way to make America seem even the slightest bit prosperous is to print more money. No change, only now immigration chaos and the NWO=OWO+CFR loyal S&Bs control the S.E.C. and are feeding like a pack of hyenas on a wounded ox. Meanwhile Congress mewls and dreams while the CFR gets you when the TSA can't yet.. And the past 6 presidential terms have been men loyal to England with one knighted for selling America out.

The past two presidents suffer cerebral hypoxia every time they think of desperate sweaty soldiers because the blood leaves their heads for someplace else. Hence, the morally and intellectually destitute foreign policies as of late.

[DailyBail]

howard on a roll...nice stuff...