re: #429 lawhawk
They’re going to sue the guys that gave them the bailout and then turned a profit on them of $22.7b?
Their theory is what exactly? That the government shouldn’t have been able to turn a profit on their bailout? That the government imposed high interest rates?
After all, AIG could have chosen bankruptcy and liquidated or reorganized wiping all of its shareholders out in the process.
Banks routinely charge higher interest rates on those who are considered credit risks. AIG and other big banks have no problems imposing usurious rates on individuals who have poor, low, or bad credit. They whine when the government imposed what would otherwise be decent rates on them - claiming that they were too high.
Some animals are more equal than others … .and they have good lawyers.