OutFront Editorial Update: AIG won't join lawsuit against U.S.
Insurance giant AIG says 'Thank you America" in a new ad. It's grateful for the $182 billion in taxpayer money that saved it from bankruptcy at the height of the financial crisis.
But AIG's board is now deciding whether or not to join a $25 billion shareholder lawsuit against the government. Taxpayers profited from the deal – a profit of more than $22 billion.
Shareholders - including AIG's former boss, Hank Greenberg, say taxpayers profited only because the deal wasn't fair.
OutFront tonight: Michael Waldman, President of the Brennan Center for Justice at NYU School of Law and Stephen Moore, Senior Economics Writer for the Wall Street Journal Editorial page.