U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout

By | August 27, 2014

  • August 27, 2014 at 1:35 pm
    Dave says:
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    If only I could invent a time nmachine, go back in time and allow AIG to fail as we should have. Then poor litle Hank would have lost 100% of his investment intead of only 95%. What an ass he is and that judge is.

    • August 27, 2014 at 2:47 pm
      Agent says:
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      Good old Hank, the suing machine. I don’t know how he thinks he can win since he has consistently lost every time. He was part of the culture of corruption at AIG for years and presided over the Marsh Mac big rigging schemes of yesteryear.

      • August 27, 2014 at 3:35 pm
        Agent says:
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        Man I hate those liberals like Hank

  • August 27, 2014 at 3:17 pm
    Rob says:
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    AIG would not have failed without the bailout; it would have been in far better shape actually. Bankruptcy does not equal disappearance/elimination as all bailout supporters (AIG and auto) forget which is encouraged by propaganda that willfully encouraged this belief.

    The bailout screwed AIG shareholders to save Goldman Sacks, a serious Dem party contributor.

    • August 27, 2014 at 5:25 pm
      Agent says:
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      If they wouldn’t have failed, why give them $182 Billion of our taxpayer dollars to keep the doors open? I am not sure they ever paid it all back. My guess is we are still on the hook for many billions and they forgave much of it.

    • August 28, 2014 at 9:34 am
      Dave says:
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      You can try to rewrite history all you want, but AIG would have failed. Any stockholder (like all of the stockholders of GM) would have got nothing. AIG itself said they would fail without the bailout. If you remember, the bailout was actually a series of bailouts with AIG asking for and receiving handouts again and again after the initial grant. Remember the preferred stock which AIG did not pay a dime of interest on? The Feds allowed that to be converted to common stock as AIG could not afford those interest payments. The only god thing to come out of this bailout is a total distaste by all politicians and all voters (left or right) for any future bailouts. And mark my words the actions of the P&C people within what remains of AIG today will be putting them in the same position yet again. And they will follow the likes of Mission, Reliance, Home, Kemper, etc.

      • August 28, 2014 at 3:03 pm
        Libby says:
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        Dave – the P&C division was the only profitable division of AIG. It was the financial products arm that got them in so much trouble. P&C was so profitable because they price gouged and refused to pay claims. Not too great on the customer service, but a bonanza for shareholders.

  • August 27, 2014 at 3:45 pm
    Libby says:
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    Dave – we agree on something.



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