$18B AIG Offer to Make U.S. Minority Shareholder

Sept. 10 (Bloomberg) -- Bloomberg's Dominic Chu reports that the Treasury Department is offering to sell $18 billion of American International Group Inc. shares in a transaction that will cut the U.S. stake in the firm to below 50 percent for the first time since its 2008 bailout. The U.S. would own about 23 percent of AIG if it sells the shares at the Sept. 7 closing price of $33.99 each. He speaks on Bloomberg Television's "In The Loop."
Bullard: Fed Rate Raising Tools Should Be Effective
28:25 - Federal Reserve Bank of St. Louis President James Bullard discusses the importance of inflation expectations and the tools the Federal Reserve has available to help monetary policy . He speaks from the Jackson Hole economic symposium in Jackson Hole, Wyoming on "Bloomberg Surveillance." (Source: Bloomberg)
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