We have been calling for Uncle Sam to use the strength of the last secondary stock sale as cover for a total and complete exit from this bailout. Now that finally appears to be happening.
AIG shares closed down 2.2% at $33.36 on Monday against a 52-week range of $22.19 to $37.67. We last saw AIG down only 0.5% at $32.85 in the after-hours session.
It appears as though the US Treasury may still hold onto some warrants even after the share sale. What this does for 2013 and beyond is allow investors to evaluate AIG as its own company rather as a company that is effectively in receivership. The problem that AIG has is that many investors still cannot decide how they are supposed to evaluate this behemoth.
JON C. OGG
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.