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Thread: AIG: Thank You America, But We May Sue You

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    AIG: Thank You America, But We May Sue You

    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
    we are negotiating about dividing a pizza and in the meantime israel is eating it
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    Re: AIG: Thank You America, But We May Sue You

    time to take a close look at "too big to fail, too big to exist" arguments. they seem to have some merit.

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    Re: AIG: Thank You America, But We May Sue You

    Quote Originally Posted by justabubba View Post
    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
    People always talk about entitlement culture in the US but no one exhibits it like the corporate world. Financial/Insurance Firms even more so than the rest.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: AIG: Thank You America, But We May Sue You

    I wonder how big of a bonus the CEO will get if the suit is successful?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: AIG: Thank You America, But We May Sue You

    The fact is this is what happens when you do things like this. Get over it.

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    Re: AIG: Thank You America, But We May Sue You

    I say we don't give them squat.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: AIG: Thank You America, But We May Sue You

    It would be interesting to see if the people that decry 'corporate welfare' also gave a kneejerk endorsement to the presidents bailout plans, especially for union strongholds like the auto industry.

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    Re: AIG: Thank You America, But We May Sue You

    Quote Originally Posted by VanceMack View Post
    It would be interesting to see if the people that decry 'corporate welfare' also gave a kneejerk endorsement to the presidents bailout plans, especially for union strongholds like the auto industry.
    Kneejerk endorsement to an unpopular Conservative President like Bush?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: AIG: Thank You America, But We May Sue You

    Quote Originally Posted by VanceMack View Post
    It would be interesting to see if the people that decry 'corporate welfare' also gave a kneejerk endorsement to the presidents bailout plans, especially for union strongholds like the auto industry.
    There have been enough threads about the bailouts already for anyone to have determined the answer to your question.

    Looking back over them, it would appear that the answer is "no".
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: AIG: Thank You America, But We May Sue You

    Quote Originally Posted by iliveonramen View Post
    Kneejerk endorsement to an unpopular Conservative President like Bush?
    So...Bush saved the auto industry?

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