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Treasury conducted six public offerings of AIG stock over the last 19 months selling a total of 1.66 billion shares of the company. At the start of the sales, Treasury had owned 92 percent of AIG's outstanding common stock. Since the financial crisis, AIG has undergone a significant restructuring which has cut the size of the company nearly in half aimed at focusing on its core insurance operations. The AIG stock sale was the latest step in an ongoing effort by the government to wind down the Troubled Asset Relief Program or TARP. With the AIG stock sales, the government has gotten back $380 billion, or more than 90 percent of the $418 billion in funds it disbursed through TARP.
[Associated
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