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By contrast, the Russell 3000-stock index in that same period had a positive return of 5.9 percent.
In announcing the sale, the Treasury Department also said that the government had a "positive return" of $22.7 billion — a sum that fails to take into account tax breaks A.I.G. received as a ward of the state.
Among the giants, only Washington Mutual Investors Fund had a positive return, of 1.5%.
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Research by two University of Chicago professors indicates that the Columbus Day interventions had a positive return to society of $84 billion to $107 billion, reflecting a balance between the value to firms of the reduced likelihood that they would fail and the increased risk for taxpayers from providing the guarantee.
Even for any given ten-year period during this time, the S&P 500 had a positive return 97% of the time.
As a result, they both have a positive return and positively affect the return of the other technology.
The Treasury said it had realized a positive return of $5 billion on the $182 billion bailout while the Federal Reserve had made $17.7 billion.
Over a one-year period, however, the probability of having a positive return dropped to 71%, with the worst 12 month period losing 62% (1931- '32 and the best gaining 140% (1932- '33.
In addition, each stock had to have a positive return and materially outperform its industry benchmark.
In previous recessions, American equities have delivered an average negative return of 15.3% while ten-year Treasury bonds have delivered a positive return of 10.4%.
This year the index would have generated a positive return of about 9percentt, easily outperforming the 40percentt decline of the Standard & Poor's 500-stock index.
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CEO of Professional Science Editing for Scientists @ prosciediting.com