BY BEN PROTESS AND MICHAEL J. DE LA MERCED
JANUARY 7, 2013, 10:30 PM
I had to look twice i thought this was an Onion article. Sadly it wasn't.
<Fresh from paying back a $182 billion bailout, the American International Group has been running a nationwide advertising campaign with the tagline “Thank you America.”>
<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.”>
Rescued by a Bailout, A.I.G. May Sue Its Savior - NYTimes.com