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clarencebeaks21

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clarencebeaks21

Re: Achilles deFlandres post# 691559

Tuesday, 08/10/2021 10:05:20 AM

Tuesday, August 10, 2021 10:05:20 AM

Post# of 796757
Yes. AIG commons fairly wiped out. Treasury took 92% of commons, so that’s roughly akin to diluting my value of 100 shares downward to 10 shares.

Treasury also took a 20% preferred stake in 2 of the spin-off entities mandated by the Fed Reserve oversight.

The company in large was resuscitated but a long term shareholder would have had to endure this.

https://projects.propublica.org/bailout/entities/8-aig
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