You have GOT to be kidding, AIG!!
So, AIG is sueing the government over the bailout they received which, by the way, is the only reason they are still a company able to even consider this?
Former AIG Exec Sues Federal Government For $25 Billion Over Takeover : The Two-Way : NPR
The FOX article (just to be fair to both sides)
Former AIG Chief Sues Government Over Bailout | Fox News
*urgh* I can;t get my head around this... Hell I not even going to bother.. I never agreed to the bail outs in the first place.. Go iceland..
Anyhow staying out of this mess O.o
If this weren't most likely some good old boys fed club insider bet as to just how absurd one can take it....I would say they had a point. For example IF AIG had been an above board, publically traded company that was not actually privy to the feds "balance sheets" (how much is spent, how much is owed updated every 72 hours w extreme accuracy), THEN they might have a point that the government in conjunction w the fed was so negligent as to be responsible (which is true) for the crash either by design or by accident, whereby being responsible for making a company such as AIG necessarily instantly insolvent. Those are "ifs" I do not believe. What there complaint actually addresses, I don't know...at this point it all Alice in Wonderland bs!!!
To Big To Fail.
well it was to big to fail since AIG holds/held all the big
federal government retirement and pension plans.
Bailouts were a dog and pony show .
My plan would have given each American Family
(legal citizens) One Million Dollars. which upon
receiving they could have immediate access to
$100,000. to have caught up on mortages, bills etc.
or if they didn't have any of those problems to spend
for a new car (s) or whatever. the rest of the $900,000
would have been put into a savings account or other
such interest paying accounts.
on each yearly anniversity they could have withdrawn the
money from the interest paid on said acct.
So I think there were like 300,000 tax fillers so
it would have cost us the people roughly 300,000 million
give or take a few million.
Instead of aleast the 21 trillion it cost the US taxpayer in
the final cost related to the bailouts. Which much of the
money went to foreign countries , banks, etc.
IMHO there should have been a huge huge federal prison
population increase for all the fraud and coverups that
So ths man steps down in 2005. The company avoids beoming worthless on paper due to the bailouts and now He wants to sue. Is this man %$#ing crazy.
its not like they bad all the money back yet. We still own 77% of the company. That truly takes some big gonads . Shalom
Apparently, they are not going to sue now.
Maybe I should Sue because of the GM bailout, the Government let GM go bankrupt and all the Stock I and millions others had in GM became worthless, then GM open up and starts selling New Stock. BULL
If I and Millions others lost everything in our Stock, then GM should have been let to go bye-bye too.
Ford who never took a bailout and would have taken all the laid off workers and given them a job and the Slack from no GM Cars would have gone to Ford. :-)
Chrysler was another one, this was their 2nd Bailout.
Where is my Bailout??????? I guess I was not willing to give Kickbacks, so I get no Bailout.
I'm strongly opposed to bailouts. If a company fails, let it go to bankruptcy court. Capitalism can only work if companies with bad ideas or bad strategies FAIL. Unhappily, the politicians on both sides of the aisle get rich from taking care of the companies that take care of them...and the rest of us take it in the shorts.
During the Watergate hearings, my uncle told me the real corruption was on both sides, and had nothing to do with Watergate. He said it was all the money companies paid the politicians to get favors, but that no party would ever shine a light in THAT direction. At the time, I thought he was too cynical. Now I'm turning into my uncle...
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