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In reply to the discussion: AIG Is Thinking About Suing the Government for Bailing It Out [View all]Veilex
(1,555 posts)10. Ummm... theres a problem with that...
AIG willfully accepted the stipulations to the deal. AIG was not compelled to take the deal... they CHOSE to take it (having the option of staying alive as a business or not is still a choice). The fifth amendment states: "nor shall private property be taken for public use, without just compensation"... the key word here is "Taken". AIG agreed to GIVE the 92% stake in the company in exchange for the funds... the government did not TAKE it. Moreover, the GIVEN 92% was held in trust for AIG... not for the public good. Any public good was indidental.
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Their recent Ad blitz saying "Thankyou" from employees to "America" ...sinks that ship nt.
pkdu
Jan 2013
#2
fuck greenberg and the horse he road on. as far as their claim, bullshit. It was a time of crisis,
still_one
Jan 2013
#5
Fuck AIG. I would have let them crash and burn than propping up a system that is
RKP5637
Jan 2013
#7
I guess that is one way to make sure there is never another bank bailout ..........
Angry Dragon
Jan 2013
#8
People Are Thinking the Government Should Have Put AIG Executives on a Leaky Boat to China
jsr
Jan 2013
#11
I think a line in the article sums it up nicely: shareholders would have suffered far worse
gateley
Jan 2013
#38
I think somebody ought to be tarred and feathered for even considering such a thing. nt
raccoon
Jan 2013
#40
They are doing this to prevent sharholder lawsuits..but it still looks like arrogant slimey BS
underpants
Jan 2013
#48
gawdamn the muthafuckers to hell. and I mean that all fire and brimstone hell, too.
Tuesday Afternoon
Jan 2013
#53