AIG Considers Suing Government For More Bailout Money After “Thank You” Ads
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AIG is considering Wednesday whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse.
American International Group Inc. said its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government’s $182 billion bailout of the New York-based insurer.
If AIG decides to join the complaint, which seeks $25 billion in damages, it would pit the company against the government that in 2008 kept it from buckling under the weight huge losses on mortgage-backed securities and other toxic assets.
Unreal. Were the ads some kind of prank or is AIG just counting on the American people not paying attention? “Thanks for the money, we want more.” In any case, if AIG really thinks they got shafted by being bailed out it’s probably time to stop thanking everyone for being so gracious. It’s also time to stop pretending the company has the country’s best interest at heart.