Can The US Dump AIG?

The media is full of stories about American International Group's AIG plan to bring the Treasury's ownership in the company below 50%. The trustees of the firm and several federal agencies would need to vote in favor of the program. No matter what those votes are, the success of any change in ownership still depends on AIG management which has not proved adroit at running the company's operations. As was true with Citigroup C, the government, or rather the taxpayers, would need to covert their holdings in AIG into common stock which could be sold on the open market. Continue reading the article.