Sorkin: AIG’s Successful Plot Twist

Written by Pat's Papers | Tuesday, 11 September 2012 7:16 AM

Andrew Ross Sorkin has an interesting column on AIG in the New York Times this morning. He says there was something unique about the plot twist involved in AIG’s bailout—it actually worked. He’s talking about the Treasury Department’s announcement this week that it plans to sell $18 billion of its stake in AIG, “a feat that nobody — including Treasury Secretary Timothy F. Geithner — anticipated four years ago at the peak of the crisis during the $180 billion bailout of the company.”

SOURCE: New York Times

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