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AIG: Thank You America, But We May Sue You - Forbes
un****ingbelievable
AIG would be nothing but a memory had the government not (wrongly) chosen to shore it up so that it could pay out the extensive claims due during the meltdown
but now it is contemplating joining in a lawsuit filed by its former CEO (the one responsible for its financial quagmire) against the USA
and here is the basis:
the bailout provided funds so it could pay out is obligations 100 cents on the dollar (when it was over extended by Trillions)
and
AIG was forced to sell some of its prized assets
how dare we make a loan to a company and also condition that loan such that AIG was required to sell something of its own to be able to afford to pay its just obligations!
if AIG enjoins this suit against our nation, it will exhibit more gall than even charles degaulle
un****ingbelievable
AIG would be nothing but a memory had the government not (wrongly) chosen to shore it up so that it could pay out the extensive claims due during the meltdown
but now it is contemplating joining in a lawsuit filed by its former CEO (the one responsible for its financial quagmire) against the USA
and here is the basis:
the bailout provided funds so it could pay out is obligations 100 cents on the dollar (when it was over extended by Trillions)
and
AIG was forced to sell some of its prized assets
how dare we make a loan to a company and also condition that loan such that AIG was required to sell something of its own to be able to afford to pay its just obligations!
if AIG enjoins this suit against our nation, it will exhibit more gall than even charles degaulle