Document Type
Blog Post
Publication Date
8-24-2012
Contents
In the wake of the Crash of 2008, the government stepped in to bail out multiple institutions, including AIG. Following the economic recovery (albeit a moderate one), the government was able to exit its position, netting a $17.7 billion gain. So, while many people opposed the bailout, it actually served as a transfer from investors (generally considered the wealthy) to the government. See article here, LA Times.
Recommended Citation
Dolvin, Steven D., "Investor's Pain = Government's Gain" (2012). All Chapters. 36.
https://digitalcommons.butler.edu/jmdallchapters/36