re: #439 lawhawk
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.
It would also kill their new ad campaign