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Video: A Tribute to Huell Howser and California's Gold

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lawhawk1/08/2013 9:50:31 am PST

re: #431 FemNaziBitch

Well, the suit will definitely enrich some law firms in NYC and DC, but I don’t think the suit has legs considering that AIG had essentially four options - collapse (liquidate); reorganize; be bought out; or bailout. No one was going to buy it with its ledger sheet a complete mess. Bankruptcy under either Ch 7 or 11 was a possibility, with reorganization the more likely path, but the bailout was the option that best preserved the company’s assets and allowed everyone to keep money flowing in to credit markets.