Letter: Recoup of bailout cash is big news
The Pine Street headquarters of American International Group Inc. in lower Manhattan. Credit: Getty Images
In a small article on Page A44, we find out that the U.S. government's sale of the bulk of its now majority ownership in the American International Group will result in the full recovery of the government's outlay ["U.S. stock sale of AIG pays big," Business, Sept. 12].
I don't quite understand why this isn't front-page news. The 2008 bailouts continue to be vilified, but on the whole they not only were effective, but may end up having cost taxpayers very little indeed. In fact, the Treasury is estimating a net gain of $12 billion from the AIG wind-down to date.
Fred Kolo, East Hampton
