Well stated by Elizabeth Warren, how can a government bailout be unfair, seems like that is really poor judgement on the part of shareholders. Imagine what their shares would have been worth if we let them go under, would love to see AIG join the suit. This is the company that was sending their executives to Hawaii as a reward for a job well done in the middle of the disaster.
"Beginning in 2008, the federal government poured billions of dollars into AIG to save it from bankruptcy. AIG's reckless bets nearly crashed our entire economy. Taxpayers across this country saved AIG from ruin, and it would be outrageous for this company to turn around and sue the federal government because they think the deal wasn't generous enough," said Warren in a statement. "Even today, the government provides an ongoing, stealth bailout, propping up AIG with special tax breaks -- tax breaks that Congress should stop. AIG should thank American taxpayers for their help, not bite the hand that fed them for helping them out in a crisis."
Elizabeth Warren Slams Possible AIG Lawsuit: 'It Would Be Outrageous'
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