After Elizabeth Warren Calls Them Out, AIG Drops Its Threat Of Suing The Government

[SacoMaine61]

41. I think AIG had to bring the option of joining the lawsuit to their Board, but that they never were

serious about joining it...

http://www.npr.org/2013/01/09/168926031/aig-considers-joining-greenbergs-bailout-lawsuit

<snip>

What they've tried to signal is that they want to take this whole idea of fulfilling its duty to shareholders very seriously. But I think reading through the tea leaves, the board would be really hard-pressed to go ahead and join this lawsuit. And as one professor we spoke to basically says, slap taxpayers in the face. AIG, its board and its CEO, Bob Benmosche, have definitely had a keen eye on the politics and the public reaction and that's why they've taken a lot of steps to thank taxpayers, say that we're going to repay taxpayers. And you'd have to assume they are very cognizant of what might happen if they decide to go ahead and join Mr. Greenberg in his lawsuit. But they want to at least show that they are very conscious of their duty to shareholders, even if they may ultimately decide not to join the lawsuit.