January 8th, 2013
09:08 PM ET

AIG thanks taxpayers for bailout, then mulls suing them

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.

Filed under: Business • News
soundoff (One Response)
  1. Joey at Purdue Univ

    "Isn't 20% of something better than 100% of nothing?" (AIG Board, about four years ago)

    January 9, 2013 at 7:17 am | Reply

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