http://seekingalpha.com/article/861451-cramers-mad-money-best-of-breed-will-bounce-back-9-11-12
Conversation with Tim Massad, Assistant Treasury Secretary for Financial Stability and Chairman of the TARP Disposal Program. Stocks mentioned: AIG (NYSE:AIG), General Motors (NYSE:GM), Fannie Mae (OTCQB:FNMA), Freddie Mac (OTCQB:FMCC)
The Treasury Department reduced its stake in one of the most unpopular bailouts, AIG (AIG), from 53% to 15%. The government spent $182 million on the bailout, and the total shares are now worth $197 million. Around 90% of TARP money has been returned or earned back, and while “The government isn’t a hedge fund,” said Tim Massad, it is going to hold onto its $5 million in shares of GM (GM) until it is appropriate to sell. While GM and AIG have been TARP success stories, Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) have had more troubled histories, but Tim Massad is confident that, with the housing turnaround, these two companies will also soon recover.