Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Thank you, America: AIG mulls suing for insufficient bailout
Hotair ^

Posted on 01/08/2013 8:16:00 PM PST by chessplayer

Here’s AIG’s entry into the series of suck-up commercials bailed-out entities have had to run in the wake of the 2008 financial crisis. On one hand, I appreciate the gesture. On the other, the thank-yous ring a bit hollow, the sorrys are non-existent, and they’re always a little heavy on the triumphant return theme.

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.”

Behind the scenes, the restored insurance company is weighing whether to tell the government agencies that rescued it during the financial crisis: thanks, but you cheated our shareholders.

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.”


TOPICS: News/Current Events
KEYWORDS:

1 posted on 01/08/2013 8:16:07 PM PST by chessplayer
[ Post Reply | Private Reply | View Replies]

To: chessplayer

My definition of an ass is someone that is given everything and still complains that it wasn’t enough.


2 posted on 01/08/2013 8:25:27 PM PST by doc1019
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

AIG needed to be put down.


3 posted on 01/08/2013 8:27:14 PM PST by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: doc1019
My definition of an ass is someone that is given everything and still complains that it wasn’t enough.

And...they never say thank you.

That would be a welfare parasite/democrat.

4 posted on 01/08/2013 8:31:52 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: chessplayer

You get what you pay for...


5 posted on 01/08/2013 8:33:09 PM PST by mowowie
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer; All

And you can bet our Free Trader Communist Globalist politicans and supporters will kneel down and give AIG more of a bailout.

AIG was bailed out because they insure so many things overseas and domestically.


6 posted on 01/08/2013 9:20:46 PM PST by SeminoleCounty (Fiscal Conservatives are Neither)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson