Who is suing the US Government over the bailouts?
By laglen
@laglen (19759)
United States
November 22, 2011 9:57am CST
AIG of course. Not the company but the former chief on behalf of the shareholders.
http://www.foxnews.com/politics/2011/11/21/former-aig-chief-sues-government-over-bailout/?test=latestnews
so, is this ungrateful or smart? Do you think they have a case? Their alternative was bankruptcy.
I have never agreed with bail outs so a part of me wants them to win. However, $25 billion more f tax payer money?
What do you think?
1 person likes this
5 responses
@thegreatdebater (7316)
• United States
23 Nov 11
This should be very interesting to see what happens here, seeing how they had no choice in the matter when it came to taking the bail out or going under. This is just another case of a very rich man trying to make more money off of the government, for saving his own behind. The justice department should return the favor and look more into Greenberg's past, knowing him I am 100% certain they will find him doing something illegal. This guy makes Clinton look like a saint!!!!
1 person likes this
@thegreatdebater (7316)
• United States
26 Nov 11
This is what you get when you give power to elitist who believe that the government is there to make THEM money, and that is it. Screw the little people, only the rich matter.
@inertia4 (27978)
• United States
28 Nov 11
I think that AIG should just keep their mouths shut. If the government did not bail them out, then they would be out of business. I hope this former CEO looses the case. If I were the president, either one, Bush or Obama, I would have never bailed out anyone. They put themselves in that situations in the first place.
@scarlet_woman (23463)
• United States
13 Dec 11
they have the cojones of elephants.
i hate to tell them if they go through with it,they're probably REALLY gonna get audited this time.
i hate to tell them if they go through with it,they're probably REALLY gonna get audited this time.
@lampar (7584)
• United States
22 Nov 11
Let wait and see what the judge is going to do with this loser clown, the court may throw his case out before he step his foot into the court room. Unless the court has no pending case in file, and has nothing to judge daily, chances are this clown is wasting his time, but manage to get some media publicity and his picture in the headline for personal fame for a while. 
1 person likes this
@TheMetallion (1834)
• United States
22 Nov 11
The suit is frivolous on its face.
Leave aside the fact that AIG elected to do the deal, and if shareholders don't like it their cause of action is against the AIG board of directors, not the federal government.
They allege that the Government received $25 billion dollars in stock without compensation, but the fact is that AIG received $182 billion in exchange for that stock.
And don't worry about your tax money: according to the article you cite, AIG has paid back all but $68 billion. Better still, the government is slowly selling off that stock interest, getting itself back out of the private sector and with the proceeds of that sale money the government doesn't need to look to taxpayers to come up with.
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