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packman

(16,296 posts)
Wed Sep 24, 2014, 12:30 PM Sep 2014

Kicking a gift horse in the mouth

God, how I wish I would be on this jury to decide if a multi-billion dollar company DID NOT GET ENOUGH of a bail out during that so-called "crisis" a few years back and got a few more bruises from the government than the other companies that were saved.



"The lawsuit, which seeks more than $40 billion from the government, does not dispute that A.I.G. needed a $182 billion lifeline to survive the financial crisis. It instead challenges the onerous nature of the rescue. The government took what became a 92 percent stake in the company — a step it did not pursue with other bailed-out Wall Street giants — imposed a steep interest rate and steered billions of dollars to the insurer’s trading partners. Those decisions, the suit says, cheated A.I.G. shareholders and violated the Fifth Amendment, which prohibits the taking of private property for “public use, without just compensation."

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http://dealbook.nytimes.com/2014/09/23/as-ex-chief-of-a-i-g-sues-u-s-wall-st-is-happy-to-pay-the-tab/?_php=true&_type=blogs&hp&action=click&pgtype=Homepage&version=HpSum&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0

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Kicking a gift horse in the mouth (Original Post) packman Sep 2014 OP
Greed knows no bounds. (nt) Control-Z Sep 2014 #1
That company is pure evil. Arugula Latte Sep 2014 #2
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