With the politicians grandstanding about the AIG (NYSE: AIG) bonuses, the stock is up big today for some reason. The stock is up over 30% today to $1.27.
Today's rise in market value is about $4 billion (after preferred conversion, according to Bloomberg data). So, with the U.S. taxpayer's 80% ownership in AIG, today's rise equals about $3.2 billion in appreciation for the U.S. taxpayer. That is more than 19x the $165 million in bonus amount being debated.
AIG shares have nearly quadrupled off the $0.33 bottom.
StreetInsider.com - Rise In AIG's (AIG) Stock Today Pays The Debated Bonuses 19x Over
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