AIG (Fortune 500) said it is launching an advertising campaign on Tuesday with the following message: "Thank You America." ,
Until recently, the U.S. government owned as much as 92% of AIG. The insurer nearly collapsed in fall 2008, threatening to further damage an already-fragile global financial system before the U.S. government stepped in.
Not only did AIG pay the money back, but the company says that U.S. taxpayers netted a $22.7 billion profit from the deal.
The company said the ad campaign presents a positive portrait of AIG as it "helps American communities rebuild -- acting as the lead insurer at the new World Trade Center, helping Joplin, Missouri, come back from a devastating tornado in 2011, and assisting the East Coast as it recovers from Hurricane Sandy."
|Delinquent IRS employees paid bonuses by the agency|
|Court quizzes Aereo: Do TV streams break the law?|
|Gun silencer sales are booming|
|How women can narrow the 'confidence gap'|
|Premarkets: Waiting for big tech earnings|