Michigan Retirement Plan Is Lead Plaintiff in Securities Suit Against AIG

March 23, 2009

  • March 23, 2009 at 1:13 am
    Joe the plunged says:
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    So the government pensions invested in AIG are suffering enormous losses and State AGs are going after them. I guess my losing half of my retirement 401K account is just tough luck?
    Who’s looking out for me?

  • March 24, 2009 at 7:25 am
    Ratemaker says:
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    Credit Default Swaps being referred to as “insurance-like contracts,” not “insurance policies.”

    AIG not being referred to as “insurance giant AIG.”

    Someone at the AP actually did a little homework before dashing off a story that inadvertantly trash-talked the ONLY stable financial services industry in the country right now.



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