AIG Lawsuit: Insurance Giant Won’t Join Ex-CEO’s Suit Against The U.S.

AIG Lawsuit: Insurance Giant Won’t Join Ex-CEO’s Suit Against The U.S..

Okay I have a lot of problems with the complaining that AIG is doing and if they win their lawsuit against the US which includes all of us then let greedom ring people. This will not only affect the government but the people who pay taxes who supplied the money for their bailout. AIG after a public lashing from goverment officials will not join ex-CEO Maurice “Hank” Greenberg’s $25 billion lawsuit against the U.S. government over the insurance giant’s financial crisis bailout, the Wall Street Journal is reporting. The suit filed in 2011 claims that the terms of the bailout — including giving billions to AIG’s clients, the government taking a more than 90 percent stake in the company and the deal’s steep interest rates, stripped shareholders of tens of billions of dollars — according to The New York Times. Despite the complaints, the government weakened the terms of the deal shortly after the bailout, perhaps to the benefit of shareholders, according to a separate NYT report.

3 thoughts on “AIG Lawsuit: Insurance Giant Won’t Join Ex-CEO’s Suit Against The U.S.

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