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Tax-free bailout

24 February 2012 By Daniel Indiviglio

Strip out the huge tax gain and annual return on equity for the core business was a meager 2.3 pct. The one-off may have nudged Treasury’s 77 pct stake into the black. But that’s like robbing Peter to pay, well, Peter. A hurting insurance sector means an AIG upturn is a ways off.

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