Government has been known to make some stupid investments, Cramer said, but one of the best ever made was when the federal government invested in American International Group
) during the 2008 financial crisis.
Today, Cramer said, the government announced it would be selling its remaining stake. The government did the right thing in putting money into AIG, he said, and he thanked in particular Tim Massod, who was in charge of the Treasury's TARP unit overseeing AIG, for not selling government shares until it could get a good price, and AIG CEO Bob Benmoshe, who "came in and through sheer force of will fixed the darn thing and now it's riding higher than before."
This was one case, Cramer said, when the federal government "sure made shareholders winners."
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-- Written by Anthony Buccino and Margo D. Beller in New York.