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AIG bailout

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The U.S. Treasury reduced its stake in AIG or American International Group even further and stated on Tuesday that the United States could now be expected to earn a $15.1 billion U.S. Treasury profit just from bailing out the troubled insurer. The Treasury disclosed the fact as a rebuff to people who had previously opposed the bailout of the finance industry which took place between the years of 2008-09.

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