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Wed Jan 9, 2013, 04:56 PM

After Elizabeth Warren Calls Them Out, AIG Drops Its Threat Of Suing The Government [View all]

I think we have a LEADER in the Senate

Earlier this week, it was reported that AIG would reward taxpayers for their $182 billion bailout by suing the government over the terms of the rescue.

Bold progressive Elizabeth Warren immediately called out AIG and condemned its behavior:

Beginning in 2008, the federal government poured billions of dollars into AIG to save it from bankruptcy. AIG’s reckless bets nearly crashed our entire economy. Taxpayers across this country saved AIG from ruin, and it would be outrageous for this company to turn around and sue the federal government because they think the deal wasn’t generous enough,” said Warren in a statement. “Even today, the government provides an ongoing, stealth bailout, propping up AIG with special tax breaks — tax breaks that Congress should stop. AIG should thank American taxpayers for their help, not bite the hand that fed them for helping them out in a crisis.
Politico reports this afternoon that AIG’s board met and decided not to join the lawsuit being considered, representing an early victory for Warren and, by extension, American taxpayers.

Read more: http://boldprogressives.org/after-elizabeth-warren-calls-them-out-aig-drops-its-threat-of-suing-the-government/

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Reply After Elizabeth Warren Calls Them Out, AIG Drops Its Threat Of Suing The Government [View all]
Report1212 Jan 2013 OP
el_bryanto Jan 2013 #1
bullwinkle428 Jan 2013 #2
MrScorpio Jan 2013 #3
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4_TN_TITANS Jan 2013 #6
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0rganism Jan 2013 #27
Tigress DEM Jan 2013 #34
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progressoid Jan 2013 #46
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