AIG says thanks America.........ready to file 25 billion dollar lawsuit

[Finn_Jarber]

Originally Posted by no1brownsfan

Didn't we already give these fools enough money?

No, Bush's $85 billion dollar gift was not enough.

But then again, people can sue for any reason and ask for anything, but it does not mean they will win the case.

[alphamale]

Originally Posted by KUchief25

The lunacy of the bailouts rumbles right along............

"Behind the scenes, the restored insurance company is weighing whether to tell the government agencies that rescued it during the financial crisis: thanks, but you cheated our shareholders.
The board of A.I.G. will meet on Wednesday to consider joining a $25 billion shareholder lawsuit against the government, court records show. The lawsuit does not argue that government help was not needed. It contends that the onerous nature of the rescue — the taking of what became a 92 percent stake in the company, the deal’s high interest rates and the funneling of billions to the insurer’s Wall Street clients — deprived shareholders of tens of billions of dollars and violated the Fifth Amendment, which prohibits the taking of private property for “public use, without just compensation.”
Maurice R. Greenberg, A.I.G.’s former chief executive, who remains a major investor in the company, filed the lawsuit in 2011 on behalf of fellow shareholders. He has since urged A.I.G. to join the case, a move that could nudge the government into settlement talks."


Rescued by a Bailout, A.I.G. May Sue Its Savior - NYTimes.com

The dangers of an out of control, over reaching federal government.

If this doesn't make people think twice, nothing will.

[Mathguy]

In reading up on maurice greenberg I did read an interesting conversation between him and Irans president.

Iran's president made some holocaust denial comment and greenberg was there. Greenberg said that he'd actually walked through Dachau as a soldier and Amadinajed tried to brush it off as a lie claiming greenberg wasn't old enough.

He was a 19-20yo GI that was indeed present at Dachau along with the tens of thousands of other independant eye-witnesses.

Lol. I would have loved to have been sitting there when that conversation went down.