Treasury launches sale of $6B of AIG stock

The American International Group logo is shown Tuesday, Sept. 16, 2008 in New York. (AP Photo/Mark Lennihan)

March 8, 2012 6:36:17 AM PST
The Treasury Department said Wednesday it is selling $6 billion worth of the $41.8 billion in common stock it holds in insurance giant American International Group Inc., which received the biggest bailout of the financial crisis in 2008.