And reaps a profit for taxpayers of almost $23 billion. i can't wait to see how the Republican spin stars make this into a bad thing.

AIG has come back so well they are considering a dividend.

U.S. government exits AIG with bailout profit of $22.7 bln | Reuters

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

The AIG bailout began in September of 2008...4 months before Obama took office.

We're still on the hook to buy it back, if the treasury decides to do so.

Do the taxpayers have to pay taxes on the profit? If so, at which rate?

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1987 560SL
85,000 miles

Does it matter if they have to pay taxes, it will get back in the same pot; right?

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1979 Black on Black, 300CD (sold), 1990 Black 300SE, Silver 1989 Volvo 780, 1988 300CE (vanished by the hands of a girlfriend), 1992 300CE (Rescue).

Not necessarily...what gets paid for with tax payer money?? Well, we have insurance now, road projects, welfare, etc...if the money just goes back to the Treasury without tax money coming out, it could result in accounting issues.

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1987 560SL
85,000 miles

Better roads benefits me more than when it's going to reduce the debt created by the babyboomers. So lets tax it.

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1979 Black on Black, 300CD (sold), 1990 Black 300SE, Silver 1989 Volvo 780, 1988 300CE (vanished by the hands of a girlfriend), 1992 300CE (Rescue).

Even a blind squirrel finds a nut every now and then.

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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)

that's silly. The government does not pay taxes.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Neither does 47% of the nation...

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1987 560SL
85,000 miles

.

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Jim

I'll wager a share of stock that if it was a total failure you'd be more than happy to give the president full blame. What's wrong with some credit?

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

From what I've been reading over the weekend, the remnants of AIG would be a purl to own/buy for a private investment company. When a company or it's stock is priced right for whatever reason(s) - it's time to consider buying it.

That's a bet you'd lose...If you'd go back 4 years ago, you'd see that I *****ed about the Bush administration's financial shortcomings back when HE started bailing out the banks.

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1987 560SL
85,000 miles

23 billion is a plus in any book. Now, lets look at the rest of the spreadsheet instead of the few bright spots and see what we have. IIRC, Chrysler did bankrupt off a few govt loans so we need to add that to this and see what we get.

When I was in the payday loan business, we realized that even if we made $20 per $100 loaned, for ever $100 that went bad, we would have to loan no less than $700 and not get burned to break even.

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01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

In October 2012 the government ran a 120 billion dollar deficit. So, that profit will be chewed up and spit out in 5 and a half days. Additionally, the governemt is still going to lose a money on the TARP program.

"Even with the windfall, the government will likely lose money on its Troubled Asset Relief Program, the $700 billion bailout launched in the darkest days of the crisis. Banks and auto companies still owe taxpayers tens of billions of dollars."

U.S. Treasury exits AIG as markets await rebound - Yahoo! Finance

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I'm sick of .sig files

I'll take your word for that, and compliment you on consistency. Well done!

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting