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Beggars can be choosers-AIG considering suing the govt.


By lostand confused   Follow   Tue, 8 Jan 2013, 6:02am   73 views   0 comments
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http://dealbook.nytimes.com/2013/01/07/rescued-by-a-bailout-a-i-g-may-sue-its-savior/

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 deals high interest rates and the funneling of billions to the insurers Wall Street...

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